1010.Where a special planning program for that part of the territory of a local corporation designated as the “central sector” and planning by-laws consistent with the program are in force in a local corporation, the local corporation may, by by-law, on the conditions it determines and in that part of the territory, order that it grant subsidies for the following purposes:
(1) the renovation, restoration and enlargement of buildings and the construction and reconstruction of residential buildings and the conversion of buildings into residential buildings;
(2) landscaping; and
(3) alterations in the connection of electric power lines and accessories on burying electric cables or moving them off a street.
The maximum amount of a subsidy may in no case exceed the actual cost of the works.