5910. ABATEMENT CAPS

5910 ABATEMENT CAPS 5910.1 Caps for Eligible Areas 1, 2, and 3 on the total amount of tax abatements authorized under the Act are as follows: (a) The DMED may approve up to $ 2.5 million in annual tax abatements for Eligible Area # 1; (b) The DMED may approve up to $ 2 million in annual tax abatements for Eligible Area # 2; and (c) The DMED may approve up to $ 2.5 million in annual tax abatements for Eligible Area # 3. SOURCE: Final Rulemaking published at 50 DCR 553 (January 17, 2003).