9. Regional government subdivision.__"Regional government subdivision" means:

A.__A regional planning commission or regional council of governments established under chapter 119; or

B.__A legal entity created by interlocal agreement pursuant to chapter 115.

§6202.__Fund source; nonlapsing; dedicated, special revenue

account

The fund consists of revenues transferred from the Local Government Fund pursuant to section 5681, subsection 5-B and any funds received as contributions from private and public sources. Eligible investment earnings credited to the assets of the fund become part of the assets of the fund. Any balance remaining in the fund at the end of any fiscal year must be carried forward to the next fiscal year.__The fund is a dedicated, special revenue account.

§6203.__Fund administration

The department shall administer the fund.__The fund must be held separate and apart from all other money, funds and accounts.

§6204.__Uses of fund

Except as otherwise provided by this section and section 5681, subsection 3, the fund is available solely for grants for qualifying projects. The department may use the fund to cover its costs of administration, including contracting for services to administer the grants.

Grant funds may not be used for reimbursement of costs or expenses incurred prior to an award from the fund.

§6205.__Eligibility; intergovernmental cooperation

In accordance with the request for proposals issued by the department under section 6209, an eligible applicant may apply for a planning grant or a cooperative services grant from the fund.__ In order to be eligible for a planning grant or a cooperative services grant, an eligible applicant must demonstrate in its application that the project for which it