Section 5-331 - Limitations.
§ 5-331. Limitations.
(a) In general.- During each fiscal year the Department may not grant more than $2,000,000 under this part.
(b) On counties.-
(1) Subject to paragraph (2) of this subsection, during each fiscal year a county may not receive more than $250,000 under this part.
(2) For purposes of the limitation under paragraph (1) of this subsection:
(i) any money received under this part by a municipal corporation or designated agency or instrumentality is deemed to be money granted to the county within which the municipal corporation, agency, or instrumentality is located; and
(ii) if more than one county administers or capitalizes a local economic development fund, each county may receive the maximum authorized for a county.
[An. Code 1957, art. 83A, § 5-1407(c)(1), (3); 2008, ch. 306, § 2.]