{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/2.2-2292.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/2.2-2292.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/2.2-2292.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/2.2-2292.html"}],"law_id":352458,"edition_id":2,"section_id":352458,"structure_id":50400,"section_number":"2.2-2292","catch_line":"Public hearing and approval","history":"1984, c. 749, \u00a7 9-216; 2001, c. 844; 2003, c. 339; 2009, c. 565; 2023, c. 130.","full_text":"Whenever federal law requires public hearings and public approval as a prerequisite to obtaining federal tax exemption for the interest paid on private activity bonds under \u00a7 147(f) of the Internal Revenue Code, unless otherwise specified by federal law or regulation, the public hearing for private activity bonds of the Authority shall be conducted by the Authority and the procedure for the public hearing and public approvals shall be as follows:\n\n1\n\nFor a public hearing by the Authority:\n\t\t\ta. Notice of the hearing shall be published not less than seven days in advance of such hearing in a newspaper published or having general circulation in the locality in which the facility to be financed is to be located. The applicant shall pay the cost of notification. The notice shall specify the time and place of hearing at which persons may appear and present their views. The hearing shall be held not less than seven days after the notice has been published. The hearing may be held at any place within the Commonwealth determined by the Board.\n\n\t\t\tb. The notice shall contain (i) the name and address of the Authority; (ii) the name and address of the principal place of business, if any, of the applicant seeking financing; (iii) the maximum dollar amount of financing sought; and (iv) the type of business and purpose and specific location, if known, of the facility to be financed.\n\n\t\t\tc. The Authority may require any request for private activity bond financing when submitted to the Authority to be accompanied by a statement in the following form, but the absence of any such form shall not affect the validity of a private activity bond:\n\n\t\t\tName of Applicant: _______________________\n\n\t\t\tFacility: ______________________\n\n\t\t\tDate: ______\n\n\t\t\tMaximum amount of financing sought: ____$\n\n\t\t\tEstimated taxable value of the facility’s real property in the municipality in which it is located. ____$\n\n\t\t\tEstimated taxable value of the facility’s real property once constructed or expanded. ____$\n\n\t\t\tEstimated real property tax per year using present tax rates on the facility’s real property once constructed or expanded.____$\n\n\t\t\tEstimated personal property tax per year from property to be located in expanded or constructed facility using present tax rate. ____$\n\n\t\t\tEstimated merchants’ capital tax per year from property to be located in expanded or constructed facility using present tax rate. ____$\n\n\t\t\tEstimated dollar value per year of goods and services that will be purchased in the Commonwealth during construction or expansion of facility. ____$\n\n\t\t\tEstimated dollar value per year of goods and services that will be purchased in the Commonwealth for the operation of the facility. ____$\n\n\t\t\tEstimated dollar value per year of goods and services that will be produced and sold from the facility. ____$\n\n\t\t\tEstimated number of employees during construction or expansion __\n\n\t\t\tEstimated number of regular employees on a year round basis during operation of the facility __\n\n\t\t\tAverage annual salary per regular employee during operation of the facility. ____$\n\n\t\t\tEstimated payroll for labor during construction or expansion of the facility.____$\n\n\t\t\tIf any of the above questions do not apply to the eligible business being financed, indicate by writing N\/A (not applicable) on the appropriate line.\n\n2\n\nFor public approval, the Governor is appointed by this article as the applicable elected representative within the meaning of § 147(f)(2)(E) of the Internal Revenue Code.\n\n","order_by":null,"text":{"0":{"id":1312095,"text":"Whenever federal law requires public hearings and public approval as a prerequisite to obtaining federal tax exemption for the interest paid on private activity bonds under \u00a7 147(f) of the Internal Revenue Code, unless otherwise specified by federal law or regulation, the public hearing for private activity bonds of the Authority shall be conducted by the Authority and the procedure for the public hearing and public approvals shall be as follows:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":1312096,"text":"For a public hearing by the Authority:\n\t\t\ta. Notice of the hearing shall be published not less than seven days in advance of such hearing in a newspaper published or having general circulation in the locality in which the facility to be financed is to be located. The applicant shall pay the cost of notification. The notice shall specify the time and place of hearing at which persons may appear and present their views. The hearing shall be held not less than seven days after the notice has been published. The hearing may be held at any place within the Commonwealth determined by the Board.\t\t\tb. The notice shall contain (i) the name and address of the Authority; (ii) the name and address of the principal place of business, if any, of the applicant seeking financing; (iii) the maximum dollar amount of financing sought; and (iv) the type of business and purpose and specific location, if known, of the facility to be financed.\t\t\tc. The Authority may require any request for private activity bond financing when submitted to the Authority to be accompanied by a statement in the following form, but the absence of any such form shall not affect the validity of a private activity bond:\t\t\tName of Applicant: _______________________\t\t\tFacility: ______________________\t\t\tDate: ______\t\t\tMaximum amount of financing sought: ____$\t\t\tEstimated taxable value of the facility’s real property in the municipality in which it is located. ____$\t\t\tEstimated taxable value of the facility’s real property once constructed or expanded. ____$\t\t\tEstimated real property tax per year using present tax rates on the facility’s real property once constructed or expanded.____$\t\t\tEstimated personal property tax per year from property to be located in expanded or constructed facility using present tax rate. ____$\t\t\tEstimated merchants’ capital tax per year from property to be located in expanded or constructed facility using present tax rate. ____$\t\t\tEstimated dollar value per year of goods and services that will be purchased in the Commonwealth during construction or expansion of facility. ____$\t\t\tEstimated dollar value per year of goods and services that will be purchased in the Commonwealth for the operation of the facility. ____$\t\t\tEstimated dollar value per year of goods and services that will be produced and sold from the facility. ____$\t\t\tEstimated number of employees during construction or expansion __\t\t\tEstimated number of regular employees on a year round basis during operation of the facility __\t\t\tAverage annual salary per regular employee during operation of the facility. ____$\t\t\tEstimated payroll for labor during construction or expansion of the facility.____$\t\t\tIf any of the above questions do not apply to the eligible business being financed, indicate by writing N\/A (not applicable) on the appropriate line.","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":1312097,"text":"For public approval, the Governor is appointed by this article as the applicable elected representative within the meaning of § 147(f)(2)(E) of the Internal Revenue Code.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":50400,"edition_id":2,"name":"Virginia Small Business Financing Authority","identifier":"7","label":"article","depth":5,"order_by":6,"parent_id":50391,"metadata":{"child_laws":38,"child_structures":0},"date_created":"2026-08-02 02:27:54","date_modified":"2026-08-02 12:27:01","permalink":{"id":1401463,"object_type":"structure","relational_id":50400,"identifier":"7","token":"2.2\/I\/D\/22\/7","url":"\/2.2\/I\/D\/22\/7\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50391,"edition_id":2,"name":"Authorities","identifier":"22","label":"chapter","depth":4,"order_by":2,"parent_id":50385,"metadata":{"child_laws":179,"child_structures":12},"date_created":"2026-08-02 02:27:40","date_modified":"2026-08-02 12:26:59","permalink":{"id":1400947,"object_type":"structure","relational_id":50391,"identifier":"22","token":"2.2\/I\/D\/22","url":"\/2.2\/I\/D\/22\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50385,"edition_id":2,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":4,"parent_id":50327,"metadata":{"child_laws":398,"child_structures":113},"date_created":"2026-08-02 02:27:36","date_modified":"2026-08-02 12:26:59","permalink":{"id":1400915,"object_type":"structure","relational_id":50385,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50327,"edition_id":2,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":50326,"metadata":{"child_laws":1084,"child_structures":230},"date_created":"2026-08-02 02:26:49","date_modified":"2026-08-02 12:26:45","permalink":{"id":1398457,"object_type":"structure","relational_id":50327,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50326,"edition_id":2,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":3,"parent_id":null,"metadata":{"child_laws":1509,"child_structures":292},"date_created":"2026-08-02 02:26:49","date_modified":"2026-08-02 12:26:45","permalink":{"id":1398455,"object_type":"structure","relational_id":50326,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":352443,"structure_id":50400,"section_number":"2.2-2279","catch_line":"Short title; definitions","url":"\/2.2-2279\/","token":"2.2\/I\/D\/22\/7\/2.2-2279","metadata":false},{"id":352445,"structure_id":50400,"section_number":"2.2-2280","catch_line":"Declaration of public purpose; Authority created","url":"\/2.2-2280\/","token":"2.2\/I\/D\/22\/7\/2.2-2280","metadata":false},{"id":352446,"structure_id":50400,"section_number":"2.2-2281","catch_line":"Construction of article","url":"\/2.2-2281\/","token":"2.2\/I\/D\/22\/7\/2.2-2281","metadata":false},{"id":352447,"structure_id":50400,"section_number":"2.2-2282","catch_line":"Board of directors; membership; terms, compensation and expenses; chairman, vice-chairman, secretary and treasurer; quorum; staff","url":"\/2.2-2282\/","token":"2.2\/I\/D\/22\/7\/2.2-2282","metadata":false},{"id":352448,"structure_id":50400,"section_number":"2.2-2283","catch_line":"Meetings of the Board","url":"\/2.2-2283\/","token":"2.2\/I\/D\/22\/7\/2.2-2283","metadata":false},{"id":352449,"structure_id":50400,"section_number":"2.2-2284","catch_line":"Executive Director; appointment; duties","url":"\/2.2-2284\/","token":"2.2\/I\/D\/22\/7\/2.2-2284","metadata":false},{"id":352450,"structure_id":50400,"section_number":"2.2-2285","catch_line":"Powers of the Authority","url":"\/2.2-2285\/","token":"2.2\/I\/D\/22\/7\/2.2-2285","metadata":false},{"id":352451,"structure_id":50400,"section_number":"2.2-2286","catch_line":"Power to condemn","url":"\/2.2-2286\/","token":"2.2\/I\/D\/22\/7\/2.2-2286","metadata":false},{"id":352452,"structure_id":50400,"section_number":"2.2-2287","catch_line":"Power to borrow money and issue bonds","url":"\/2.2-2287\/","token":"2.2\/I\/D\/22\/7\/2.2-2287","metadata":false},{"id":352453,"structure_id":50400,"section_number":"2.2-2288","catch_line":"Power to issue bonds to purchase ninety percent guaranteed portion of loans","url":"\/2.2-2288\/","token":"2.2\/I\/D\/22\/7\/2.2-2288","metadata":false},{"id":352454,"structure_id":50400,"section_number":"2.2-2289","catch_line":"Power to issue umbrella bonds","url":"\/2.2-2289\/","token":"2.2\/I\/D\/22\/7\/2.2-2289","metadata":false},{"id":352456,"structure_id":50400,"section_number":"2.2-2290","catch_line":"Insurance or guarantee fund","url":"\/2.2-2290\/","token":"2.2\/I\/D\/22\/7\/2.2-2290","metadata":false},{"id":352457,"structure_id":50400,"section_number":"2.2-2291","catch_line":"Security for bonds; fees and expenses; limitations","url":"\/2.2-2291\/","token":"2.2\/I\/D\/22\/7\/2.2-2291","metadata":false},{"id":352458,"structure_id":50400,"section_number":"2.2-2292","catch_line":"Public hearing and approval","url":"\/2.2-2292\/","token":"2.2\/I\/D\/22\/7\/2.2-2292","metadata":false},{"id":352459,"structure_id":50400,"section_number":"2.2-2293","catch_line":"Loans to lenders; conditions","url":"\/2.2-2293\/","token":"2.2\/I\/D\/22\/7\/2.2-2293","metadata":false},{"id":352460,"structure_id":50400,"section_number":"2.2-2294","catch_line":"Investment in, purchase or assignment of loans; conditions","url":"\/2.2-2294\/","token":"2.2\/I\/D\/22\/7\/2.2-2294","metadata":false},{"id":352461,"structure_id":50400,"section_number":"2.2-2295","catch_line":"Regulations of the Authority","url":"\/2.2-2295\/","token":"2.2\/I\/D\/22\/7\/2.2-2295","metadata":false},{"id":352462,"structure_id":50400,"section_number":"2.2-2296","catch_line":"How bonds paid and secured","url":"\/2.2-2296\/","token":"2.2\/I\/D\/22\/7\/2.2-2296","metadata":false},{"id":352463,"structure_id":50400,"section_number":"2.2-2297","catch_line":"Liability of Commonwealth, political subdivisions and members of Board","url":"\/2.2-2297\/","token":"2.2\/I\/D\/22\/7\/2.2-2297","metadata":false},{"id":352464,"structure_id":50400,"section_number":"2.2-2298","catch_line":"Authorization of bonds by resolution; contents of bond sale; manner","url":"\/2.2-2298\/","token":"2.2\/I\/D\/22\/7\/2.2-2298","metadata":false},{"id":352465,"structure_id":50400,"section_number":"2.2-2299","catch_line":"Resolution authorizing issuance of bonds; provisions","url":"\/2.2-2299\/","token":"2.2\/I\/D\/22\/7\/2.2-2299","metadata":false},{"id":352467,"structure_id":50400,"section_number":"2.2-2300","catch_line":"Pledge by Authority","url":"\/2.2-2300\/","token":"2.2\/I\/D\/22\/7\/2.2-2300","metadata":false},{"id":352468,"structure_id":50400,"section_number":"2.2-2301","catch_line":"Purchase of bonds of Authority","url":"\/2.2-2301\/","token":"2.2\/I\/D\/22\/7\/2.2-2301","metadata":false},{"id":352469,"structure_id":50400,"section_number":"2.2-2302","catch_line":"Bonds secured by indenture; contents; expenses; how treated","url":"\/2.2-2302\/","token":"2.2\/I\/D\/22\/7\/2.2-2302","metadata":false},{"id":352470,"structure_id":50400,"section_number":"2.2-2303","catch_line":"Signatures of prior members or officers; validity","url":"\/2.2-2303\/","token":"2.2\/I\/D\/22\/7\/2.2-2303","metadata":false},{"id":352471,"structure_id":50400,"section_number":"2.2-2304","catch_line":"Deposit of money; expenditures; security for deposits","url":"\/2.2-2304\/","token":"2.2\/I\/D\/22\/7\/2.2-2304","metadata":false},{"id":352472,"structure_id":50400,"section_number":"2.2-2305","catch_line":"Contracts with holders of bonds; how money secured","url":"\/2.2-2305\/","token":"2.2\/I\/D\/22\/7\/2.2-2305","metadata":false},{"id":352473,"structure_id":50400,"section_number":"2.2-2306","catch_line":"Bondholder protection","url":"\/2.2-2306\/","token":"2.2\/I\/D\/22\/7\/2.2-2306","metadata":false},{"id":352474,"structure_id":50400,"section_number":"2.2-2307","catch_line":"Bonds as legal investments and securities","url":"\/2.2-2307\/","token":"2.2\/I\/D\/22\/7\/2.2-2307","metadata":false},{"id":352475,"structure_id":50400,"section_number":"2.2-2308","catch_line":"Expenses of Authority; liability of Commonwealth or political subdivision prohibited","url":"\/2.2-2308\/","token":"2.2\/I\/D\/22\/7\/2.2-2308","metadata":false},{"id":352476,"structure_id":50400,"section_number":"2.2-2309","catch_line":"Creation, administration, and management of Virginia Export Fund","url":"\/2.2-2309\/","token":"2.2\/I\/D\/22\/7\/2.2-2309","metadata":false},{"id":352478,"structure_id":50400,"section_number":"2.2-2310","catch_line":"Creation, administration, and management of Virginia Small Business Growth Fund","url":"\/2.2-2310\/","token":"2.2\/I\/D\/22\/7\/2.2-2310","metadata":false},{"id":352480,"structure_id":50400,"section_number":"2.2-2311","catch_line":"Repealed","url":"\/2.2-2311\/","token":"2.2\/I\/D\/22\/7\/2.2-2311","metadata":false},{"id":352479,"structure_id":50400,"section_number":"2.2-2311.1","catch_line":"Creation, administration, and management of the Small, Women-owned, and Minority-owned Business Loan Fund","url":"\/2.2-2311.1\/","token":"2.2\/I\/D\/22\/7\/2.2-2311.1","metadata":false},{"id":352482,"structure_id":50400,"section_number":"2.2-2312","catch_line":"Annual report; audit","url":"\/2.2-2312\/","token":"2.2\/I\/D\/22\/7\/2.2-2312","metadata":false},{"id":352481,"structure_id":50400,"section_number":"2.2-2312.1","catch_line":"Risk-based review of outstanding loans; report","url":"\/2.2-2312.1\/","token":"2.2\/I\/D\/22\/7\/2.2-2312.1","metadata":false},{"id":352483,"structure_id":50400,"section_number":"2.2-2313","catch_line":"Exemption from taxation","url":"\/2.2-2313\/","token":"2.2\/I\/D\/22\/7\/2.2-2313","metadata":false},{"id":352484,"structure_id":50400,"section_number":"2.2-2314","catch_line":"Administrative Process Act not applicable","url":"\/2.2-2314\/","token":"2.2\/I\/D\/22\/7\/2.2-2314","metadata":false}],"previous_section":{"id":352457,"structure_id":50400,"section_number":"2.2-2291","catch_line":"Security for bonds; fees and expenses; limitations","url":"\/2.2-2291\/","token":"2.2\/I\/D\/22\/7\/2.2-2291","metadata":false},"next_section":{"id":352459,"structure_id":50400,"section_number":"2.2-2293","catch_line":"Loans to lenders; conditions","url":"\/2.2-2293\/","token":"2.2\/I\/D\/22\/7\/2.2-2293","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2292\/","history_text":"

This law was first created in 1984. The record of its establishment is cataloged in chapter 749 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1984 \u201cActs\u201d aren\u2019t available online. It has been modified 4 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2001, chapter 844<\/a>; in 2003, chapter 339<\/a>; in 2009, chapter 565<\/a>; in 2023, chapter 130<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1401517,"object_type":"law","relational_id":352458,"identifier":"2.2-2292","token":"2.2\/I\/D\/22\/7\/2.2-2292","url":"\/2.2-2292\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/2.2-2292\/","token":"2.2\/I\/D\/22\/7\/2.2-2292","dublin_core":{"Title":"Public hearing and approval","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2292","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Whenever federal law<\/span> requires public hearings<\/span> and public approval as a prerequisite to obtaining federal tax exemption for the interest paid on private activity bonds<\/span><\/span> under \u00a7 147(f) of the Internal Revenue Code, unless otherwise specified by federal law<\/span> or regulation, the public hearing<\/span> for private activity bonds<\/span><\/span> of the Authority<\/span> shall be conducted by the Authority<\/span> and the procedure for the public hearing<\/span> and public approvals shall be as follows:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> For a public hearing<\/span> by the Authority<\/span>:\n\t\t\ta. Notice of the hearing<\/span> shall be published not less than seven days in advance of such hearing<\/span> in a newspaper published or having general circulation in the locality in which the facility to be financed is to be located. The applicant shall pay the cost of notification. The notice shall specify the time and place of hearing<\/span> at which persons may appear and present their views. The hearing<\/span> shall be held not less than seven days after the notice has been published. The hearing<\/span> may be held at any place within the Commonwealth<\/span> determined by the Board<\/span>.

\t\t\tb. The notice shall contain (i) the name and address of the Authority<\/span>; (ii) the name and address of the principal place of business, if any, of the applicant seeking financing; (iii) the maximum dollar amount of financing sought; and (iv) the type of business and purpose and specific location, if known, of the facility to be financed.

\t\t\tc. The Authority<\/span> may require any request for private activity bond<\/span> financing when submitted to the Authority<\/span> to be accompanied by a statement in the following form, but the absence of any such form shall not affect the validity of a private activity bond<\/span>:

\t\t\tName of Applicant: _______________________

\t\t\tFacility: ______________________

\t\t\tDate: ______

\t\t\tMaximum amount of financing sought: ____$

\t\t\tEstimated taxable value of the facility’s real property in the municipality in which it is located. ____$

\t\t\tEstimated taxable value of the facility’s real property once constructed or expanded. ____$

\t\t\tEstimated real property tax per year using present tax rates on the facility’s real property once constructed or expanded.____$

\t\t\tEstimated personal property tax per year from property to be located in expanded or constructed facility using present tax rate. ____$

\t\t\tEstimated merchants’ capital tax per year from property to be located in expanded or constructed facility using present tax rate. ____$

\t\t\tEstimated dollar value per year of goods and services that will be purchased in the Commonwealth<\/span> during construction or expansion of facility. ____$

\t\t\tEstimated dollar value per year of goods and services that will be purchased in the Commonwealth<\/span> for the operation of the facility. ____$

\t\t\tEstimated dollar value per year of goods and services that will be produced and sold from the facility. ____$

\t\t\tEstimated number of employees during construction or expansion __

\t\t\tEstimated number of regular employees on a year round basis during operation of the facility __

\t\t\tAverage annual salary per regular employee during operation of the facility. ____$

\t\t\tEstimated payroll for labor during construction or expansion of the facility.____$

\t\t\tIf any of the above questions do not apply to the eligible business being financed, indicate by writing N\/A (not applicable) on the appropriate line. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> For public approval, the Governor is appointed by this article as the applicable elected representative within the meaning of § 147(f)(2)(E) of the Internal Revenue Code. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPUBLIC HEARING AND APPROVAL (\u00a7 2.2-2292)\n\nWhenever federal law requires public hearings and public approval as a\nprerequisite to obtaining federal tax exemption for the interest paid on private\nactivity bonds under \u00a7 147(f) of the Internal Revenue Code, unless otherwise\nspecified by federal law or regulation, the public hearing for private activity\nbonds of the Authority shall be conducted by the Authority and the procedure for\nthe public hearing and public approvals shall be as follows:\n\n1. For a public hearing by the Authority:\n\t\t\ta. Notice of the hearing shall be published not less than seven days in\nadvance of such hearing in a newspaper published or having general circulation\nin the locality in which the facility to be financed is to be located. The\napplicant shall pay the cost of notification. The notice shall specify the time\nand place of hearing at which persons may appear and present their views. The\nhearing shall be held not less than seven days after the notice has been\npublished. The hearing may be held at any place within the Commonwealth\ndetermined by the Board.\t\t\tb. The notice shall contain (i) the name and address\nof the Authority; (ii) the name and address of the principal place of business,\nif any, of the applicant seeking financing; (iii) the maximum dollar amount of\nfinancing sought; and (iv) the type of business and purpose and specific\nlocation, if known, of the facility to be financed.\t\t\tc. The Authority may\nrequire any request for private activity bond financing when submitted to the\nAuthority to be accompanied by a statement in the following form, but the\nabsence of any such form shall not affect the validity of a private activity\nbond:\t\t\tName of Applicant: _______________________\t\t\tFacility:\n______________________\t\t\tDate: ______\t\t\tMaximum amount of financing sought:\n____$\t\t\tEstimated taxable value of the facility’s real property in the\nmunicipality in which it is located. ____$\t\t\tEstimated taxable value of the\nfacility’s real property once constructed or expanded. ____$\t\t\tEstimated\nreal property tax per year using present tax rates on the facility’s real\nproperty once constructed or expanded.____$\t\t\tEstimated personal property tax\nper year from property to be located in expanded or constructed facility using\npresent tax rate. ____$\t\t\tEstimated merchants’ capital tax per year from\nproperty to be located in expanded or constructed facility using present tax\nrate. ____$\t\t\tEstimated dollar value per year of goods and services that will be\npurchased in the Commonwealth during construction or expansion of facility.\n____$\t\t\tEstimated dollar value per year of goods and services that will be\npurchased in the Commonwealth for the operation of the facility.\n____$\t\t\tEstimated dollar value per year of goods and services that will be\nproduced and sold from the facility. ____$\t\t\tEstimated number of employees\nduring construction or expansion __\t\t\tEstimated number of regular employees on a\nyear round basis during operation of the facility __\t\t\tAverage annual salary per\nregular employee during operation of the facility. ____$\t\t\tEstimated payroll for\nlabor during construction or expansion of the facility.____$\t\t\tIf any of the\nabove questions do not apply to the eligible business being financed, indicate\nby writing N\/A (not applicable) on the appropriate line.\n\n2. For public approval, the Governor is appointed by this article as the\napplicable elected representative within the meaning of § 147(f)(2)(E) of\nthe Internal Revenue Code.\n\nHISTORY: 1984, c. 749, \u00a7 9-216; 2001, c. 844; 2003, c. 339; 2009, c. 565; 2023,\nc. 130.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}