The State Board of Embalmers, Funeral Directors, Cemeteries, and Burial Services shall:
(1) Review and grant or deny all or part of a grant application submitted under this subchapter; and
(2) Establish by rule: Criteria for grant applications and awards;
(3) Oversight of all grant expenditures;
(4) Criteria for reporting and maintaining all grant moneys and expenditures; and
(5) Criteria for the review of grant awards and expenditures to prevent misuse or abuse of grant money.