Section 2. Eligibility for Grants.--(a) A nonprofit organization, as defined by subsection (b) of this section, which owns at the time of application, and did own at the time of the flood of September, 1971 or June, 1972, any personal or real property damaged or destroyed by the flood of September, 1971 or June, 1972, may, by sworn application, apply for a grant to cover up to sixty per cent of the loss exceeding the amount of disaster loan Federal forgiveness which was granted or could have been granted, if application had been made, to the organization by the Small Business Administration: Provided, That the total grant shall not exceed two hundred fifty thousand dollars ($250,000) for any single nonprofit organization. Where a nonprofit organization is so structured that it provides services, as defined by subsection (b) of this section, through distinct suborganizations, each of which, at the time of the floods of September, 1971 or June, 1972, occupied and utilized geographically distinct and separate facilities, the aforesaid grant limitation shall apply to the loss in real or personal property occupied or utilized by each suborganization.
(b) A nonprofit organization is any organization which provides, on a nondiscriminatory basis, a health, welfare, or educational (excluding public or nonpublic schools) service for the public, including religious organizations and cemeteries, and which held at the time of the aforementioned floods and which currently holds a valid ruling from the Internal Revenue Service of the United States Department of Treasury exempting it from income taxation under the provisions of section 501(c)(3) or section 501(c)(13) of the Internal Revenue Code of 1954.
(c) The loss subject to a grant under this act shall not include any pre-flood indebtedness which has been consolidated with the property loss nor shall it include any loss covered by an insurance policy or by any Federal or State grant. A nonprofit organization shall be eligible for a grant to compensate for any loss of real or personal property to the extent that such property was used for purposes as set forth in subsection (b) of this section. If real property was condemned under eminent domain proceedings and the measure of damages is calculated under section 602, act of June 22, 1964 (P.L.84, No.6), known as the "Eminent Domain Code," said nonprofit organization shall not be eligible for the grant for such real property as was condemned.