(a) With the approval of the Board of Public Works, the Secretary shall adopt regulations that establish application procedures and criteria for the award of financial assistance under § 9-275(b)(3) of this subtitle.

(b) The criteria shall provide the basis for project priority rankings and shall include, as appropriate:

(1) The environmental or public health impacts caused by existing circumstances;

(2) Previous efforts expended to correct any existing problem;

(3) Financial capacity of the applicant;

(4) The problem prevention aspects of a proposed project;

(5) Cost effectiveness of a proposed project;

(6) Provisions for monitoring and review;

(7) The contribution of the proposed project toward meeting State and local solid waste plans and goals; and

(8) Measures to assure accountability for all funds awarded under § 9-275(b)(3) of this subtitle.