Disqualification from receipt of grants, loans, etc.; recapture demands; waiver.

(a) Except as provided in subsection (c), an employer that appears on a list compiled by the director pursuant to Section 41-23-232 is ineligible to receive from the state or any political subdivision of the state any grant, loan, or tax credit until five years after the date on which the employer relocated the call center.

(b) Except as provided in subsection (c), if an employer appears on a list compiled under Section 41-23-232, the director shall recapture from the employer an amount equal to the unamortized value of any grant, loan, or tax credit that the employer received from the state or any political subdivision of the state on or after September 1, 2019. The employer shall pay the recapture amount to the director within 30 days of receiving the recapture demand.

(c) The director may waive the disqualification provided for in subsection (a) if the employer applying for the grant, loan, or tax credit demonstrates that one or more of the following will happen if the grant, loan, or tax credit is not provided:

(1) Substantial job loss in the state.

(2) Harm to the environment of the state.

(3) A significant economic impact to the state.

(Act 2019-374, §4.)