Florida Statutes 420.427 – Project eligibility
Current as of: 2023 | Check for updates
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(1) Grants may be provided to local governments for:
(a) A newly incorporated neighborhood housing services corporation project;
Terms Used In Florida Statutes 420.427
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(b) An expansion of an existing neighborhood housing services corporation project to include new geographical areas; and
(c) A continuation of an existing neighborhood housing services corporation project, but only if at least one-third of the total operating budget for the grant year is funded by the private sector.
(2) Each individual project of a local government having one or more projects within its jurisdiction is eligible for funding.
(3) In no case shall more than $150,000 be granted to a local government for projects within its jurisdiction within a 12-month period.