Awards grants to municipalities for non-transportation capital improvement projects, with a maximum grant of $250,000 per municipality.
This bill amends the state finance law to establish a local government capital improvement grant program. It authorizes the Secretary of State to award matching grants to municipalities for non-transportation related capital improvement projects, with a maximum cumulative grant of $250,000 per municipality. The grants are intended to cover costs associated with projects that exceed 10% of the municipality's total expenditures and have a total cost of $100,000 or more. The bill also appropriates $5 million for this purpose.
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