1. (a) A county, city, or town in which a motorsports enterprise is located may apply to the corporation for a grant from the fund to be used for making infrastructure improvements that will enhance the viability of the motorsports enterprise.
2. (b) A grant to an applicant under this section may not exceed one million dollars ($1,000,000).

3. (c) A grant under this section may not be used for the following:

   1. (1) Prizes.
   2. (2) Operating expenses.
   3. (3) Salaries or other expenses not directly related to infrastructure improvements to enhance the viability of a motorsports enterprise.
4. (d) An application for a grant under this section for a year must be received by the corporation before May 15 of the year. An application received by the corporation after May 14 of the year is treated as an application for a grant under this section for the immediately following year.
5. (e) Each year before June 15, the corporation shall make a determination on each application received after May 14 of the immediately preceding year and before May 15 of the year. The corporation shall make disbursements from the fund for grants that are awarded under this section for a year before June 15 of the year.

6. (f) The corporation shall determine the following:

   1. (1) The form of the application.
   2. (2) The information to be submitted with the application.
   3. (3) The criteria to be used to make grants from the fund.
   4. (4) The terms and conditions of any grant made from the fund, including the actual grant amount, other than a grant specified by statute.

As added by P.L.213-2015, SEC.74.