A political subdivision is eligible to apply to the division for a grant under this subchapter if the political subdivision is:
(1) a county:
(A) that:
(i) has a population of less than 100,000;
(ii) has a gross domestic product of less than $2 billion;
(iii) has a poverty rate greater than 15 percent; and
(iv) is located wholly or partly in a disaster area; and
(B) for which the total dollar amount of damages resulting from the disaster, as shown in an assessment of damages prepared after the disaster, exceeds the amount equal to 10 percent of the state and local sales and use taxes collected in the county during the state fiscal year preceding the year in which the disaster occurs; or
(2) a political subdivision other than a county that is wholly or partly located in a county described by Subdivision (1).