The Industrial Corridor System Fund may be used for the following costs when they are necessary or desirable for the preservation, development and/or growth of industrial uses in receiving corridors:
(a) costs to acquire land and buildings;
(b) costs for environmental site assessment and remediation;
(c) costs to demolish substandard, obsolete, or vacant buildings;
(d) costs to rehabilitate or repurpose underutilized or out-of-date industrial buildings;
(e) costs to provide key support infrastructure; and
(f) administrative, reporting, and monitoring costs and expenses of the Industrial Corridor System Fund, provided such costs and expenses may not exceed 5% of the Fund.
(Added Coun. J. 7-26-17, p. 53898, § 1)