The Corporation shall adopt standards to award financial assistance under this subtitle. The Corporation may award financial assistance to: a local government; an agency, an instrumentality, or a nonprofit corporation that the local government designates; or a nonprofit entity operating or seeking to operate a makerspace in the State. To the extent practicable, the Corporation shall award financial assistance in a manner that reflects geographic diversity. A recipient of financial assistance under this section: shall provide matching funds or in–kind contributions for the project at least equal to the amount of financial assistance awarded; and may not utilize the financial assistance awarded for the operating costs of the makerspace after the first 3 years of operation. Unless two–thirds of the membership of the Board approves, the Corporation may not award financial assistance within a single county under this section that exceeds a total of $250,000 in a single fiscal year.