§ 26.206. Granting of funds or in-kind assistance.

(a)

Review by Executive. The County Executive, after reviewing the application, shall determine the amount of money or in-kind assistance, if any, to grant during the next fiscal year to each sponsor who has applied.

(b)

Special Factors to be Considered in Determining Grants or In-Kind Assistance. In making determinations, the County Executive shall consider the ultimate economic and social benefits to be gained, including the provision of services and funds to viable businesses which would otherwise not be adequately capitalized and to businesses which have been historically under-utilized such as enterprises owned by minorities, women, and persons with disabling conditions.

(c)

Grant Agreement. If the County Executive decides to grant funds or in-kind assistance to a sponsor, a grant agreement shall be executed between the County and the sponsor setting out the amount and terms of the grant or in-kind assistance.

(C.B. 100, 1992; C.B. 7, 1993)