Section 136-C - Arts and culture recovery grants.(a)Use of funds.--From money appropriated for COVID Relief - ARPA - Cultural and Museum Preservation Grant Program, the sum of $15,000,000 shall be transferred to the Commonwealth Financing Authority for the purpose of awarding grants to nonprofit arts and culture organizations, local arts and culture districts and arts and culture professionals located in this Commonwealth to ensure the stability and recovery of the Commonwealth's arts and culture sector from the COVID-19 pandemic. The authority shall issue guidelines to implement this section, which, at a minimum, shall include the following:(1) Eligibility requirements for grant awards to nonprofit arts and culture organizations, local arts and culture districts, professional artists and other individuals or nonprofit entities which the authority determines meets the intent of this program.(2) Allowable use of grant funds, which shall include reimbursement of revenue lost due to the COVID-19 pandemic, funding for operating costs to maintain essential functions and recruit and retain core staff, costs related to establishing new programs or marketing and any other use which the authority determines meets the intent of this program.(3) Minimum and maximum grant amounts; provided that the maximum grant award shall be $500,000 per applicant.Added by P.L. TBD 2022 No. 54, § 4, eff. 7/11/2022.