1. (a) The Division of Neighborhood Revitalization shall administer commercial and mixed-use revitalization programs to encourage physical and organizational improvements to business areas.

2. (b) To carry out commercial and mixed-use revitalization programs, the Division of Neighborhood Revitalization shall administer State and federal grants and loans and other financial assistance to:

   1. (1) political subdivisions, local public agencies, nonprofit organizations, neighborhood or community organizations, or private parties; or
   2. (2) corporations or foundations whose net earnings are invested to foster, encourage, help, or carry out community assistance activities, projects, or programs.

3. (c) The Department may:

   1. (1) charge and collect from a project applicant or recipient of financial assistance under this title:

      1. (i) origination, application, and processing fees; and
      2. (ii) any other charges, fees, or reimbursements incidental to a project application or providing financial assistance; and
   2. (2) include the fees and charges listed in this section in the amount of financial assistance.

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Amended by Acts 2016, c. 482, § 2, eff. July 1, 2016.