§3112.  Eligibility requirements

A.  A business shall be eligible to participate in the program if it determines all of the following requirements are met:

(1)  The business is relocating a headquarters to the state, or is expanding a headquarters in the state.

(2)  The secretary determines that participation in the program will be a significant factor in a highly competitive site selection situation to encourage the business to relocate or expand the headquarters in the state.

(3)  The secretary determines that securing the project will result in a significant positive economic benefit to the state.

(4)  Relocation or expansion of the headquarters will create a minimum of twenty-five headquarters jobs.

B.  No business engaged in gaming or gambling shall be eligible for the program.

Acts 2012, No. 503, §1, eff. July 1, 2012.