§ 10-834. Allowed purposes.

   (a) In general. -- After consulting with the Director, the Center shall adopt standards to award financial assistance.

(b) Standards. -- The standards shall authorize the award of financial assistance to:

   (1) support the development and use of best practices in the incubation process;

   (2) provide strategic planning, needs assessments, and feasibility studies; or

   (3) help acquire or improve new or expanded space or improve existing space for an incubator, including providing or helping another with:

      (i) acquisition of land;

      (ii) acquisition of architectural or engineering services;

      (iii) payment of administrative costs;

      (iv) development or upgrading of communications infrastructure;

      (v) acquisition of furnishings or equipment; or

      (vi) acquisition of other items associated with tenant build-out.

HISTORY: 2008, ch. 137.