1. A municipality upon the recommendation of its governing body may
submit an application for state assistance toward the cost of any
project which is eligible for state assistance pursuant to this article
to the commissioner in such form and containing such information as he
may require.
2. The commissioner shall review such project application and may
approve, disapprove or recommend modifications thereto consistent with
applicable law, criteria, standards or rules and regulations relative to
such projects.
3. Upon approval of a project application, a municipality may enter
into a contract as further provided within this article with the
commissioner for payment of state assistance to be received pursuant to
this article.