S.L. 123.85 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 the definition of "qualifying expenditure" in rule 2 to which each such item belongs;

(d) the maximum aid 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(2);

(g) the line of economic activity in respect of which the project was approved;

(h) 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 eligible user’s relative tax return date.