During each fiscal year the Department may not grant more than $2,000,000 under this part. Subject to paragraph (2) of this subsection, during each fiscal year a county may not receive more than $250,000 under this part. For purposes of the limitation under paragraph (1) of this subsection: any money received under this part by a municipal corporation or designated agency or instrumentality is deemed to be money granted to the county within which the municipal corporation, agency, or instrumentality is located; and if more than one county administers or capitalizes a local economic development fund, each county may receive the maximum authorized for a county.