§ 1908. Formal review and termination of districts.
§ 1908. Formal review and termination of districts. (a) If a municipality (or a county in the case of an unincorporated area) fails to fulfill its obligations pursuant to § 1905 of this title or as otherwise set forth in this chapter, then the Office may recommend to the Committee that the district be placed […]
§ 1907. Amendments to district boundaries and incentives.
§ 1907. Amendments to district boundaries and incentives. A municipality or county may apply to the Office to amend the boundaries of the district or to amend 1 or more district incentives, provided that any revised incentive proposed by the municipality or county shall be equal or superior to the incentive for which the amendment […]
§ 1921. Qualifications for Downtown Development District Grants.
§ 1921. Qualifications for Downtown Development District Grants. (a) Subject to the limitations set forth in this subchapter, any qualified district investor making a qualified real property investment in a district shall be entitled to a grant in an amount up to 20% of the qualified real property investments made by such qualified district investor […]
§ 1922. Limitations and conditions.
§ 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. (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 […]
§ 1923. Policies and procedures for allocation of Downtown Development District Grants.
§ 1923. Policies and procedures for allocation of Downtown Development District Grants. (a) Qualified district investors shall be eligible to receive DDD Grant provided for in this chapter to the extent that they apply for and are approved for grant allocations through DSHA. (b) The accuracy and validity of information on qualified real property investments […]
§ 1924. Administration.
§ 1924. Administration. (a) DSHA shall have the primary responsibility for administering the DDD Grant program. In connection therewith, DHSA’s powers and duties shall include but not be limited to the following: (1) Adopting such rules and procedures as may be necessary or desirable to effectuate the provisions of this chapter; (2) Administering, enforcing, and […]
§ 1903. Applications for district designation.
§ 1903. Applications for district designation. (a) At the request of the Governor, the Office shall solicit applications from municipalities and unincorporated areas to have an area designated as a Downtown Development District. Such application shall include a description of the area to be included; the need for district incentives; the district plan; local incentives […]
§ 1904. Review and approval of applications.
§ 1904. Review and approval of applications. (a) Applications for district designation shall be evaluated by the Cabinet Committee on State Planning Issues, which shall recommend to the Governor those applications with the greatest potential for accomplishing the purposes of this chapter. (b) Upon receipt from the Committee of any recommended application, the Governor may: […]
§ 1905. Designation, renewal, and amendment of districts.
§ 1905. Designation, renewal, and amendment of districts. (a) No more than 15 districts shall be designated at any 1 time. Designation of the first 3 districts shall include 1 district in each county. (b) Districts shall be designated for an initial 10-year period. Upon recommendation of the Committee, the Governor may renew districts for […]
§ 1906. Local incentives.
§ 1906. Local incentives. (a) Any municipality or unincorporated area submitting an application for district designation shall propose local incentives that address local economic and community conditions, and that will help achieve the purposes set forth in § 1901 of this title. Such local incentives may include but are not limited to a reduction in […]