Section 4.1. Grants for Industrial Site Development Projects.--(a) Grants.--The secretary is hereby authorized, upon application by an eligible municipality, county, municipal authority, industrial development agency or redevelopment authority, to make grants to said municipality, county, municipal authority, industrial development agency or redevelopment authority for eligible industrial site development projects.
(b) Eligible industrial site development projects.--To be eligible for grant funds under this section, a project must meet the following criteria, to the satisfaction of the department:
(1) Create opportunities to develop new facilities or to expand existing facilities for manufacturing, industrial research and development, and other industrial operations that produce goods, as determined by the department;
(2) Eliminate, reduce or otherwise alleviate blight at an industrial site; and
(3) Have potential for job creation.
(c) Eligible project costs.--Grant funds awarded under this section may be used for one or more of the following purposes:
(1) to acquire land and buildings;
(2) to demolish and clear buildings and other structures;
(3) to construct new or reconstruct existing public or private infrastructure, including utilities;
(4) to clean up hazardous waste and materials;
(5) to excavate, grade and otherwise prepare industrial sites; or
(6) to pay engineering, design and inspection costs associated with other eligible costs.
(d) Maximum grant amount.--The maximum amount of grant funds awarded under this section to any one project in any fiscal year shall not exceed $1,500,000.
(e) Expiration of approval authority.--No grants may be approved under this section after June 30, 1996. ((e) amended June 28, 1993, P.L.186, No.40)
(4.1 added July 10, 1989, P.L.310, No.51)