§ 15.2-4907. Fiscal impact statement
Every request for industrial development (facility) financing when submitted to the governing body of the locality for approval shall be accompanied by a statement in the following form:
............
Date
(Name of Applicant)
....................
(Facility)
1. Maximum amount of financing sought $ ..........
2. Estimated taxable value of the
facility's real property to be
constructed in the locality $ ..........
3. Estimated real property tax per
year using present tax rates $ ..........
4. Estimated personal property tax
per year using present tax rates $ ..........
5. Estimated merchants' capital tax
per year using present tax rates $ ..........
6. a. Estimated dollar value per year of goods that
will be purchased from Virginia companies within
the locality $ ..........
b. Estimated dollar value per year of goods that
will be purchased from non-Virginia companies
within the locality $ ..........
c. Estimated dollar value per year of services that
will be purchased from Virginia companies within
the locality $ ..........
d. Estimated dollar value per year of services that
will be purchased from non-Virginia companies
within the locality $ ..........
7. Estimated number of regular employees on year
round basis $ ..........
8. Average annual salary per employee $ ..........
Signature
....................
Authority Chairman
....................
Name of Authority
If one or more of the above questions do not apply to the facility indicate by writing N/A (not applicable) on the appropriate line.
The provisions of this section shall not apply to bonds, notes or other obligations issued pursuant to hearings held and governmental approvals obtained prior to the effective date of this act in compliance with federal law or regulation.
(1983, c. 514, § 15.1-1378.2; 1997, c. 587; 1998, c. 728.)
Sections: Previous 15.2-4900 15.2-4901 15.2-4902 15.2-4903 15.2-4904 15.2-4905 15.2-4906 15.2-4907 15.2-4908 15.2-4909 15.2-4910 15.2-4911 15.2-4912 15.2-4913 15.2-4914 NextLast modified: April 2, 2009