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Virginia Economic Development Partnership Authority; eligible site for site development grant; minimum acreage requirement. Reduces from 100 acres to 50 acres the minimum number of contiguous acres required for a site that is not a brownfield to satisfy the acreage requirement to be considered eligible to receive a site development grant from the Virginia Business Ready Sites Program Fund by the Virginia Economic Development Partnership Authority. The bill also exempts from the minimum acreage requirement any site that exists in a locality that has three or fewer eligible sites that are at least 100 acres.

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