(a) Application process.--A person must apply to the commission for a grant, loan or tax credit for an eligible project under the program with an application created by the commission. The application must include all of the following information:
(1) The location of the project.
(2) The type of project.
(3) The status of the project.
(4) The type and combination of funding requested under the program.
(5) The total cost of the project.
(6) Any other information as required by the commission.
(b) Review.--The commission shall review complete applications based upon the criteria established under section 3107 (relating to criteria for evaluation of applications) on an ongoing basis and in the order received. Within 60 days of receipt of a complete application, the commission shall notify the applicant of all of the following:
(1) Whether the project is approved for funding under the program.
(2) The total amount of funds approved for the project.
(3) The amount of each type of funding approved for the project.
(c) Notice of completion.--Upon completion of a project funded under this program, the person who received approval for the project shall notify the commission of the completion of the project. The notice under this subsection shall include the required certification under section 3106 (relating to project certification).
(d) Inspection.--Projects funded under this program may be subject to inspection by the commission or the commission's designated agent.