(a) Arkansas Site Development Grant amounts:

1. (1) Shall be awarded at the discretion of the Director of the Arkansas Economic Development Commission based on the recommendations of the review team; and
2. (2) May be for amounts less than requested and subject to funding availability.

(b)

1. (1) Approved applicants will receive a grant award notification letter outlining the amount, terms, and conditions of the funding.

2. (2)

   1. (A) If an approved applicant is a city or county, within ninety (90) days of receiving the award notification letter the city or county must provide to the Arkansas Economic Development Commission a copy of a signed resolution passed by the city council or quorum court authorizing the governmental entity to:

(i) Receive the grant funds from the commission for the purposes stated in the application;

1. (ii) Expend any cash matching funds pledged by the governmental entity in the application; and

   1. (iii) Provide any in-kind matching funds pledged by the governmental entity in the application.

   2. (B) The resolution must be provided before any grant funds are disbursed by the commission.

      1. (c) Unsuccessful applicants will be notified in writing by the director or his or her designee.