Subject to conditions necessary to carry out the purposes and requirements of this subtitle, the Trust, on application by a land trust, may provide a grant to the applicant from the Grant Fund. The Trust may make a grant to an applicant only if: The applicant meets the qualifications required by this subtitle; The grant is to be used only for the acquisition of interests or rights in real property for recreational or preservation purposes; The Department approves the project as being in conformity with the Department’s criteria governing land acquired under a State grant from Program Open Space; The trustees of the Trust approve the grant; and The Board of Public Works approves the grant.