S.L. 123.84 Art. 7Letter of approval.

(1) In respect of every approved project the Corporation shall issue a letter of approval showing:

(a) particulars of the applicant;

(b) a description of the project, with such conditions as the Corporation may have considered appropriate pursuant to rule 5(2);

(c) the maximum qualifying expenditure for each item of expenditure, indicating the category under rule 2 in the definition of "qualifying expenditure" to which each such item belongs;

(d) the maximum aggregate State aid intensity to which the applicant is entitled;

(e) the earliest date by which the project must commence and the latest date by which it must be completed;

(f) the shortest period for which the investment must be retained in terms of rule 9;

(g) such other particulars as the Corporation may consider appropriate.

(2) The Corporation shall deliver the letter of approval to the applicant and a copy thereof to the Commissioner.

(3) The Corporation shall issue the said letter of approval by not later than the company’s relative tax return date.