In allocating funds under the community development block grant program, the authority shall give priority to activities that:
I. Benefit low and moderate income households.
II. Aid in the prevention or elimination of slum or blight.
III. Aid in the prevention or elimination of conditions which pose a serious or immediate threat to the health and welfare of the community where no other financial resources exist to meet such needs.
Source. 2003, 319:13, eff. July 1, 2003.