| (Process takes approximately
8-10 weeks, 12-14 for manufacturing projects) |
| Week #1 |
Tax Clearance Form due to PAID
(After completing, please fax/mail completed
form with authorized signature to PAID) |
| Week #2 |
TEFRA Notice due to PAID |
| Week #3 |
TEFRA Notice to appear in local
newspaper |
| Week #4 |
Bond Financing Application (BFA)
and $2,000 Application Fee due to PAID
(Please fax/mail page 6 with authorized signature
to PAID) |
| Week #5 |
TEFRA Hearing and PAID Board Meeting |
| Week #6 |
BFA sent to Department of Community
and Economic Development (DCED) for approval |
| Week #7 |
DCED reviews BFA for approval |
| Week #8 |
DCED reviews BFA for approval |
| Week #9 |
Expect Notice of DCED approval |
| Week #10 |
Expect Notice of DCED approval
Prepare for Closing/Form 8038 |
| |
(Process continues for manufacturing
projects only) |
| Week #11 |
Preliminary Allocation Request
(PAR) form sent to DCED |
| Week #12 |
DCED reviews PAR for approval |
| Week #13 |
DCED reviews PAR for approval |
| Week #14 |
Expect Notice of DCED PAR approval |
| |
Prepare for Closing
Final Allocation Request (FAR) form and IRS form
8038 to DCED 15 days after closing. |