Sec. 16.5. Determination for certification

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The local economic development zone administrative board shall, in accordance with these regulations, determine the eligibility of direct equity investments in certified zone businesses and contributions to community development projects for zone capital tax credits. This determination shall be subject to review by the commissioner who shall accept or reject the determination of the local economic development zone administrative board in accordance with criteria set forth in section 14.4 of this Part.

                    
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