§ 143B-437.60. Disbursement of grant. - North Carolina Statutes

§ 143B‑437.60. Disbursement of grant.

A business may not receive anannual disbursement of a grant if, at the time of disbursement, the businesshas received a notice of an overdue tax debt and that overdue tax debt has notbeen satisfied or otherwise resolved. A business may receive an annualdisbursement of a grant only after the Committee has certified that there areno outstanding overdue tax debts and that the business has met the terms andconditions of the agreement. No amount shall be disbursed to a business as agrant under this Part in any year until the Secretary of Revenue has certifiedto the Committee (i) that there are no outstanding overdue tax debts of thebusiness and (ii) the amount of withholdings received in that year by theDepartment of Revenue from the business. A business that has met the terms ofthe agreement shall make an annual certification of this to the Committee. TheCommittee shall require the business to provide any necessary evidence ofcompliance to verify that the terms of the agreement have been met. TheCommittee shall certify the grant amount for which the business is eligibleunder the agreement and the grant amount for which the business would beeligible under the agreement without regard to G.S. 143B‑437.56(d). TheDepartment of Commerce shall remit a check to the business in the amount of thecertified grant amount within 90 days of receiving the certification of theCommittee. (2002‑172,s. 2.1(a); 2003‑416, s. 2; 2006‑168, s. 1.9.)