Section 11701.104-A - Grants(a)General rule.--A grant may be awarded by the center to a municipality or two or more municipalities cooperating together to ensure fiscal stability through the development and implementation of long-term financial, managerial and economic development strategies in an amount not exceeding $200,000 during the first fiscal year that commences on the effective date of this section, adjusted for inflation in subsequent years by an amount not to exceed an annual cost-of-living adjustment calculated by applying the percentage change in the Consumer Price Index immediately prior to the date the adjustment is due to take effect. To be eligible for a grant for implementation funding, a municipality must meet the basic training requirements established in guidelines developed by the center.(b)Match.--The grant amount is subject to a 50% financial match by the municipality to which the grant was provided, unless the center determines a match by the municipality of a lesser amount not less than 10% is warranted. The center may authorize any portion of the municipality's financial match to be offset by an in-kind match.(c)Eligible activities.--A grant shall be used for the following eligible activities: (1) The development of multiyear financial management plan for a municipality.(2) The development of multimunicipal or regional intergovernmental cooperation initiatives and cost-sharing strategies.(3) A study to improve the management and operational practices and financial administration procedures of a municipality.(4) A merger or consolidation feasibility study.(5) The implementation of any of the eligible activities identified in paragraphs (1) through (4).(6) Training and capacity-building activities that meet basic requirements established in guidelines developed by the center which assist the municipality in the implementation of plan recommendations.(7) Contracts with professional consultants to develop and implement recommendations related to eligible activities.(8) An audit, prepared by an independent accountant or firm, as required by section 108-A. 1987, July 10, P.L. 246, No. 47, § 104 -A, added 2014, Oct. 31, P.L. 2983, No. 199, § 7, effective in 60 days [Dec. 30, 2014].