The grant funds approved under § 20-27-1009 may be used for the following:
(1) The cost of activities undertaken in an approved grant application by a city or county in the normal course and customary practice of a stabilization and abatement activity for an eligible structure owned by a city or county in the following amounts: Not more than fifty percent (50%) of the total cost of asbestos abatement activities; and
(2) Not more than two thousand dollars ($2,000) for the initial asbestos inspection; or
(3) If the Division of Environmental Quality determines that an asbestos emergency exists that constitutes an immediate threat to human health or the environment, the costs associated with the stabilization and remediation of the emergency asbestos conditions.