Section 15-34-8 - Preferences and priorities in awarding grants(a) In determining the distribution of funds, the development corporation shall be guided by the nature and significance of the activity of each grant application in relation to the research and development of renewable energy in the State, the importance of the grant to the activity's success, and the potential economic advantage or job creation prospects offered to the State.(b) Preference shall be given to qualified businesses receiving their first alternative energy research and development program award.(c) The development corporation shall not grant more than one award to any business in a fiscal year unless funding remains available in the last quarter of the fiscal year. [Eff 3/11/2016] (Auth: Act 159, SLH 2015) (Imp: Act 159, SLH 2015)[Am and comp 2/3/2019] (Auth: Act 67, SLH 2018) (Imp: Act 67, SLH 2018)