Current with changes from the 2024 Legislative Session
Section 5-331 - Limitations(a) During each fiscal year the Department may not grant more than $2,000,000 under this part.(b)(1) Subject to paragraph (2) of this subsection, during each fiscal year a county may not receive more than $250,000 under this part.(2) For purposes of the limitation under paragraph (1) of this subsection:(i) any money received under this part by a municipal corporation or designated agency or instrumentality is deemed to be money granted to the county within which the municipal corporation, agency, or instrumentality is located; and(ii) if more than one county administers or capitalizes a local economic development fund, each county may receive the maximum authorized for a county.