§ 39–205.04. Large capital grants program.

(a) There is established within the Commission a Large Capital Grants program to provide subgrants to eligible organizations for the purpose of funding large capital grants for facility improvements in an amount exceeding $900,000 per grant.

(b) Eligibility for a large capital grant shall be limited to organizations that:

(1) Own the facility to be improved in fee simple, or hold a lease the facility to be improved on a long-term basis of greater than 30 years; and

(2) Use the grant to improve a facility with a real property tax assessment of $1 million or more.

(c) An organization awarded a large capital grant pursuant to this section shall not be eligible for a grant to fund capital projects pursuant to § 39-205(c-1)(2)(A)(i) in the same fiscal year.

(d) An organization awarded a large capital grant pursuant to this section shall not be eligible for a large capital grant for two subsequent fiscal years.

(e)(1) The Commission, pursuant to subchapter I of Chapter 5 of Title 2, shall issue rules to implement the provisions of this section. Such rules shall set forth eligibility and disbursement requirements in addition to the requirements set forth in subsection (b) of this section.

(2)(A) By November 1, 2023, proposed rules for implementation of this section shall be submitted to the Council for approval.

(B) If the Council does not approve or disapprove the proposed rules submitted pursuant to subparagraph (A) of this paragraph, in whole or in part, by resolution within a 60-day period that commences on the date of their submission to the Council and excludes days of Council recess, the proposed rules shall be deemed approved.

(C) The Commission may not advertise or award any grants under this section until the Council has approved the proposed rules in whole or in part or the proposed rules are deemed approved pursuant to subparagraph (B) of this paragraph.