(1) The administrator may provide money from the Industrial Assistance Account to an entity offering technical assistance to a municipality in connection with planning for housing, transportation, and growth.
(2) As part of an application for receiving money under this section, an applicant shall:
(a) describe the activities the entity will undertake to provide technical assistance to a municipality in connection with planning for housing, transportation, and growth; and
(b) satisfy other criteria the administrator considers appropriate.
(3) Before awarding any money under this section, the administrator shall:
(a) make findings as to whether an applicant has satisfied the requirements of Subsection (2);
(b) establish benchmarks and timeframes in which progress toward the completion of the agreed upon activities are to occur;
(c) monitor compliance by an applicant with any contract or agreement entered into by the applicant and the state as provided by Section 63N-3-107; and
(d) make funding decisions based upon appropriate findings and compliance.