Delaware § 1922 Limitations and conditions

Delaware Statutes

§ 1922 — Limitations and conditions

Delaware·Title 22·Ch. 19 The Downtown Development Corridors and Districts Act·Subch. Downtown Development Corridor and District Grants

(a)The availability of grants in any given year is subject to appropriation by the General Assembly.

(b)In addition to its other powers and responsibilities under this chapter, DSHA is expressly authorized to establish other limitations and conditions with respect to grants as may be necessary or convenient to accomplish the purposes of this chapter, including all of the following:

(1)Amending the minimum qualified investment threshold.

(2)Establishing caps or limits on grants available to any qualified corridor or district investor, alone or in combination with other local, state, or federal incentives for any individual building or facility, including state historic preservation tax credits under Chapter 18 of Title 30.

(3)Establishing additional qualifying criteria with respect

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(a) The availability of grants in any given year is subject to appropriation by the General Assembly.

(b) In addition to its other powers and responsibilities under this chapter, DSHA is expressly authorized to establish other limitations and conditions with respect to grants as may be necessary or convenient to accomplish the purposes of this chapter, including all of the following:

(1) Amending the minimum qualified investment threshold.

(2) Establishing caps or limits on grants available to any qualified corridor or district investor, alone or in combination with other local, state, or federal incentives for any individual building or facility, including state historic preservation tax credits under Chapter 18 of Title 30.

(3) Establishing additional qualifying criteria with respect to uses (residential, commercial, industrial, etc.) or types of projects (rehabilitation, new construction, etc.).

(4) Incentivizing particular types of uses or projects in 1 or more corridors or districts.

(5) Establishing other limitations and conditions in 1 or more corridors or districts as DSHA determines.

(c) DSHA may not establish or amend the limitations and conditions authorized under this section more often than once per year.

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