The county council hereby declares it to be the purpose of this chapter to support, in whole or in part, certain bona fide nonprofit service organizations, operating within the confines of Montgomery County, Maryland, by providing thereto financial assistance where such organization applies therefor and demonstrates to the satisfaction of the chief administrative officer or his authorized representative that it provides services to citizens who might otherwise be served by the county government, that the loan or grant is necessary to ensure the continuation of such services by that organization to such citizens and that there is no known organization capable of providing similar services. (1980 L.M.C., ch. 8, § 1.)