(a) Electronic equipment recycling grants must be awarded on the basis of written grant-request proposals submitted to and approved by the Division of Environmental Quality.
(b) Grant requests shall be considered based upon the following criteria:
(1) The development of sustained processes for recovery, recycling, and demanufacturing of scrap computers and electronics;
(2) Minimization and elimination of substantial volumes of this material as waste;
(3) Creation of Arkansas jobs;
(4) Return of investment analysis; and
(5) Available funds.