15.2-4907 - Fiscal impact statement.
§ 15.2-4907. Fiscal impact statement.
Every request for industrial development (facility) financing when submittedto the governing body of the locality for approval shall be accompanied by astatement in the following form:
............
Date
(Name of Applicant)
....................
(Facility)
1. Maximum amount of financing sought $ ..........
2. Estimated taxable value of the
facility's real property to be
constructed in the locality $ ..........
3. Estimated real property tax per
year using present tax rates $ ..........
4. Estimated personal property tax
per year using present tax rates $ ..........
5. Estimated merchants' capital tax
per year using present tax rates $ ..........
6. a. Estimated dollar value per year of goods that will be
purchased from Virginia companies within the locality $ ..........
b. Estimated dollar value per year of goods that will
be purchased from non-Virginia companies within the locality $ ..........
c. Estimated dollar value per year of services that
will be purchased from Virginia companies within the
locality $ ..........
d. Estimated dollar value per year of services that will
be purchased from non-Virginia companies within the
locality $ ..........
7. Estimated number of regular
employees on year round basis $ ..........
8. Average annual salary per employee $ ..........
Signature
....................
Authority Chairman
....................
Name of Authority
If one or more of the above questions do not apply to the facility indicateby writing N/A (not applicable) on the appropriate line.
The provisions of this section shall not apply to bonds, notes or otherobligations issued pursuant to hearings held and governmental approvalsobtained prior to the effective date of this act in compliance with federallaw or regulation.
(1983, c. 514, § 15.1-1378.2; 1997, c. 587; 1998, c. 728.)