STATE COST−SHARE RATE. The maximum allowable state cost−share rate for the acquisition of property under this chapter shall be 50% of the acquisition cost of the property. The maximum allowable state cost−share rate for appraisals for the acquisition of property shall be 100% of the cost of the appraisal.
STATE COST−SHARE RATE. (a) The maximum allowable state cost−share rate for the acquisition of property under this chapter shall be the lesser of the following 2 amounts:
STATE COST−SHARE RATE. (a) The maximum allowable state cost−share rate for the acquisition of property under this chapter is 50 percent.
(b) The cost share rate shall be applied to the lesser of the fol- lowing 2 amounts:
1. The acquisition cost of the property.
2. The certified appraisal value as determined by the depart- ment and reasonable costs related to the purchase of the property limited to the cost of appraisals, land surveys, relocation pay- ments, title evidence, recording fees, historical and cultural assessments required by the department, and environmental inspections and assessments. Reasonable costs do not include attorney’s fees, environmental clean up costs, brokerage fees paid by the buyer, real estate transfer taxes, or any other cost not identi- fied in this subdivision.
(c) The department may not reimburse acquisition costs related to purchase of the property until the property acquisition has been completed.
