Section 17-534-41 - Grant amount(a) The authority shall pay to the owner, or authorized agent, up to the amounts defined by and set forth in Exhibit B, dated 2/1/94, located at the end of this chapter, for the applicable rental unit size and extent of construction, who has: (1) Submitted a completed application;(2) Become a qualified owner; and(3) Executed a construction grant agreement.(b) The owner shall submit documentation that is satisfactory to the authority that the owner has expended amounts at least equal to the construction grant amount for constructing or renovating a dwelling unit.(c) Any construction grant funds received by the owner which are in excess of the amount expended by the owner for constructing or renovating a dwelling unit shall be reimbursed to the authority.[Eff JUN 30 1994] (Auth: SLH 1992, Act 279, §§3(5), 5) (Imp: SLH 1992, Act 279, §§3(5), 5)