If a business relocates or abandons its site during the grant disbursement period, the disbursements made to the business shall be immediately due and payable to the Department of Economic Development. If a business is sold during the grant disbursement period, the disbursements made to the business shall be immediately due and payable to the department unless the purchaser agrees to carry out the terms and conditions of the business plan.
Neb. Rev. Stat. § 81-1208
Job training grant; relocation, abandonment, or sale; effect
Laws 1995, LB 326, § 7.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.