(a) ACEDP grants are classified by the Arkansas Economic Development Commission as either categorical grants, including grants to fund the construction of water and wastewater systems, childcare facilities, senior citizen centers, public health facilities, and multi-purpose community centers, general assistance purposes, or economic development grants for projects primarily focused on creating jobs for low-income and moderate-income families.
(b)
(1) Incorporated municipality grantees may have only a single categorical ACEDP grant, for any purpose and from any agency, open at any given time.
(2) Grants classified as economic development grants are not included in this limitation.
(c)
(1) County grantees may have a total of two (2) open categorical ACEDP grants, for any purpose and from any agency, issued to the county at any given time.
(2) Grants classified as economic development grants are not included in this limitation.
(d) The Arkansas Natural Resources Commission must close ACEDP grants within one (1) year following completed construction.