Section 7. Grants to partners.
(a) Awards.--A partner may apply for a grant by submitting an application to the authority. After review and approval of the application, the authority shall sign a grant agreement with the partner and award a grant. The grant agreement shall permit the partner to award grants and other forms of financial assistance to entities only if matched by private sector funds on a minimum basis to be established by the authority.
(b) Implementation.--Upon receipt of a grant pursuant to this section, a partner shall implement the terms of the grant. Failure to comply with the terms of the grant agreement shall result in forfeiture of the grant.