(b)

1. (1) The objective of the CAGP is to foster the commission’s mission “to create economic opportunity by attracting higher paying jobs, expanding and diversifying our state and local economies, increasing incomes and investment, and generating positive growth throughout Arkansas” by providing grant funds to nonprofit organizations in good standing with the Secretary of State’s office, cities of the first class, cities of the second class, incorporated towns, unincorporated communities, counties, or governmental entities of the State of Arkansas for eligible community and economic development projects and eligible nonprofit organization projects.

2. (2)

   1. (A) The CAGP is a matching program.
   2. (B) The applicant may be required to match its grant award with cash, in-kind labor, in-kind materials, or land.
   3. (C) Funds for general support, reserves, or other unrestricted cash on hand may also be used as a matching source.
   4. (D) Such determination shall be made based on the application, and not all matching will be waived.