(a)    (1)    Any federal grant that is received for a project shall be applied first to the cost of the project.

(2)    Except as provided in subsection (b) of this section, a State grant for a project may not exceed the lesser of $800,000 or 50% of the cost of eligible work remaining unpaid after any federal grant is applied.

(3)    A State grant to develop a master plan may not exceed the lesser of $15,000 or 50% of the cost of development of the plan.

(b)    The Board of Public Works may authorize a grant for a project that exceeds 50% of the cost of eligible work remaining unpaid after any federal grant is applied, if:

(1)    the project involves the conversion, acquisition, renovation, construction, or improvement of a building for use as a senior citizen activities center;

(2)    the value of real property and existing improvements made available by the local government equals or exceeds the amount of the State grant; and

(3)    the residual value of the real property and existing improvements made available by the local government exceeds the sum of:

(i)    any prior amounts used for matching funds under this Program;

(ii)    any outstanding State debt relating to the property from another program;

(iii)    any prior grant under this Program; and

(iv)    any other tangible State investment in the property.

(c)    The amount of a State grant for a project shall be determined after consideration of:

(1)    the density of the senior population in the area affected by the project;

(2)    the proximity of the proposed center to an existing senior citizen activities center; and

(3)    other localities eligible for State funding that have not received previous funding under the Program or similar programs.

(d)    A grantee who received funds for a project under this subtitle or a prior act authorizing grants for senior citizen activities centers may receive additional grants for the project, but only in an amount that does not exceed the difference between the sum of any prior grants and the maximum funding allowable for the project.

(e)    A grantee who received funds for a project under this subtitle for a project at a senior citizen activities center may request an additional grant for a different project at the same senior citizen activities center, if the sum of grants made for any single senior citizen activities center does not exceed $800,000 in any 15–year period.