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§ 1922 Limitations and conditions.

22 DE Code § 1922 (2019) (N/A)
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(a) The availability of Downtown Development District Grants in any given year shall be subject to appropriation by the General Assembly.

(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.

79 Del. Laws, c. 240, § 1.

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§ 1921 Qualifications for Downtown Development District Grants.
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