Delaware Code Title 22 Sec. 1922 – Limitations and conditions
(a) The availability of Downtown Development District Grants in any given year shall be subject to appropriation by the General Assembly.
Terms Used In Delaware Code Title 22 Sec. 1922
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- district: means an area within a municipality or unincorporated area designated as a Downtown Development District in accordance with the provisions of this chapter. See Delaware Code Title 22 Sec. 1902
- Downtown: means that portion of a city, town, or unincorporated area that traditionally comprises its downtown or central business district, as determined by such city, town, or unincorporated area in accordance with guidelines promulgated by the Office. See Delaware Code Title 22 Sec. 1902
- DSHA: means the Delaware State Housing Authority. See Delaware Code Title 22 Sec. 1902
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302
- Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302
(b) In addition to its other powers and responsibilities hereunder, DSHA is expressly authorized to establish such other limitations and conditions with respect to grants as may be necessary or convenient to accomplish the purposes of this chapter, including but not limited to:
(1) Amending the minimum qualified investment threshold;
(2) Establishing caps or limits on DDD Grants available to any qualified district investor, alone or in combination with other local, state, or federal incentives for any individual building or facility (including but not limited to state historic preservation tax credits pursuant to Chapter 18 of Title 30);
(3) Establishing additional qualifying criteria with respect to uses (residential, commercial, industrial, etc.) or types of projects (rehabilitation, new construction, etc.);
(4) Incentivizing particular types of uses or projects in 1 or more districts; and
(5) Establishing such other limitations and conditions in 1 or more districts as DSHA shall determine from time to time.
(c) DSHA may establish or amend the foregoing limitations and conditions no more often than once per year.