Sec. 4203.3. Terms

Latest version.

(a) For a preliminary feasibility study:
(1) the department, or the UDC upon the approval of the commissioner, may provide financial support not to exceed $15,000 for a preliminary feasibility study for a local buy-out of an industrial firm, except that upon a showing of special circumstances, the commissioner may authorize additional financial support; and
(2) the department, or the UDC upon the approval of the commissioner, may provide financial support not to exceed $10,000 for a preliminary feasibility study of a corporate restructuring or turnaround plan, except that upon a showing of special circumstances, the commissioner may authorize additional financial support.
(b) The department, or the UDC upon the approval of the commissioner, may provide financial support not to exceed $150,000 for a full feasibility study.

                    
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