A local government may apply for a grant under the Act as set forth in this regulation. Before a grant is awarded to a local government under this regulation, the local government shall provide and spend a matching fund. A matching fund of a local government may not consist of: Money provided, directly or indirectly, from appropriated or unappropriated State money; Real property; In-kind contributions; or Money spent before June 1, 2005. Grant applications shall be made on standard forms prescribed by the Commission. Each application shall include: The source of the required matching fund provided by the local government; A detailed description of the project for which the grant is requested; The amount of the grant requested; and Any other information the Commission requires related to the project for which the grant is requested. The Commission shall review each application to determine whether a local government will be awarded a grant from the Fund and the amount of the grant. In making the determination whether to award a grant, or the amount of a grant to be awarded, the Commission shall consider the following factors: Artistic excellence and innovation; Community support; and Location and accessibility of project to the public. The Commission shall prepare and provide the local government with a copy of the grant agreement which shall contain the provisions the Commission determines are necessary to reflect the terms of the grant.