Maximum balance of outstanding incentives; availability of incentives to existing projects.

(a) At no time shall the annualized balance of outstanding jobs act incentives exceed $300 million, unless the Legislature, by joint resolution or other applicable action of both houses, votes to allow additional jobs act incentives.

(b) Jobs act incentives shall not be available to any project for which substantial construction activities have begun by July 2, 2015.

(c) Jobs act incentives under this article shall not be available for any qualifying project unless at least 80 percent of the eligible employees created by the qualifying project are employed full time.

(Act 2015-27, p. 103, §§6, 7; Act 2017-314, §1.)