Section 1603-K. Business in Our Sites Program limitations.
A project grant awarded under 64 Pa.C.S. § 1551(f) (relating to Business in Our Sites Program) shall not exceed 40% of the total amount of financing awarded by the board of directors of the authority for the project or $4,000,000, whichever is less. No more than one-third of the funds made available for the program authorized by 64 Pa.C.S. § 1551, including loan repayments and funds transferred pursuant to this act, may be used for all project grants.
(1603-K added July 13, 2016, P.L.664, No.85)