746

(a) Upon receipt of a finding by the Board that tax incentive benefits should be granted, the Board shall then proceed to issue the appropriate certificate.\n(b) If, after 60 calendar days, excluding Sundays and holidays, have elapsed from the date the Board has concluded his investigation of the applicant, the Board has neither approved nor disapproved the issuance of a tax incentive benefit certificate, the issuance of the certificate must be considered approved, pending final approval by the Lieutenant Governor. The Lieutenant Governor has an additional ten (10) days to approve or deny the license.