§5–329.

    (a)    A local government may apply to the Department for a grant from the Fund to a local economic development fund.

    (b)    In determining whether to approve a grant to a local economic development fund, the Department or Authority shall consider and determine:

        (1)    the average rate of unemployment for the local jurisdiction in comparison to the average rate of unemployment for the State;

        (2)    whether the local government currently administers a local economic development fund;

        (3)    the ability of the local government to leverage private money;

        (4)    the level of financial commitment provided by the local government; and

        (5)    any other factors that the Department or Authority considers relevant.