15.2-1636.20 - Payments to localities under the Personal Property Tax Relief Act of 1998. - Virginia Statutes

§ 15.2-1636.20. Payments to localities under the Personal Property Tax ReliefAct of 1998.

Localities shall be reimbursed for the administrative costs associated withthe implementation of Chapter 35.1 (§ 58.1-3523 et seq.) of Title 58.1.Notwithstanding the provisions of § 15.2-1636.14 and Item 70 of Chapter 464of the Acts of Assembly of 1998, the Compensation Board shall approve andreimburse 100 percent of such costs that it deems fair and reasonable. Themanner of submitting and preparing estimates for such costs and forreimbursements shall be as directed by the Compensation Board.

(1998, Sp. Sess. I, c. 2; 1999, cc. 148, 185.)