The advisory committee shall do all of the following:
(1) Review and advise department staff on all policies and procedures for administration of the trust fund including, but not limited to:
a. Development of a process for making awards from the trust fund.
b. Development of policies and rules for operating the trust fund including priorities for making awards and criteria for evaluating applications, and delineation of all compliance and reporting responsibility of fund recipients.
(2) Review and advise department staff on the collection and presentation of data on the use and impact of the trust fund and the preparation of an annual performance report to be submitted to the Legislature, the Governor, and the public.
(3) Pursue additional sources of revenue beyond appropriations from the state.
(4) Ensure that the dedicated resources alleviate the public transportation and connectivity needs of Alabamians by targeting hard-to-serve, special needs populations, including, but not limited to, the disabled, the elderly, and rural populations.
(5) Prepare, in collaboration with department staff, an annual review of the rules, compliance responsibilities, set-asides, funding priorities, policies, funding recommendations, and funding decisions, including any recommended changes to the operation of the trust fund. This review shall be presented to the director for final approval.