Section 10-45B-11.1 - Return of amount refunded for new business facility not completed within timeframes.
10-45B-11.1. Return of amount refunded for new business facility not completed within time frames. Any amount refunded pursuant to this chapter for a project that is not completed within the time frames prescribed in this chapter, including any extensions granted by the secretary, shall be returned to the state without interest. Any refunded amounts not returned pursuant to this section and all sums previously refunded to the claimant constitute a debt to the state and a lien in favor of the state upon all property and rights to property whether real or personal belonging to the claimant and may be recovered in an action of debt.
Source: SL 2005, ch 78, § 12; SL 2010, ch 62, § 1.