The Secretary of State shall:
(1) Administer this subchapter;
(2) Establish, through cooperative efforts, the standards and requirements necessary to design, build, and implement the State Business Portal;
(3) Establish the standards and requirements necessary for a state or local agency to participate in the portal;
(4) Authorize a state or local agency to participate in the portal if the Secretary of State determines that the agency meets the standards and requirements necessary to participate;
(5) Determine the appropriate requirements to be used by businesses and governmental agencies conducting transactions through use of the portal;
(6) Adopt procedures to administer this subchapter; and
(7) Establish a unique identifier for each business entity registered to do business in this state.
(8) The unique identifier shall be: Alphabetical, alphanumeric, or numeric as determined by the Secretary of State;
(9) Unique to each registered business entity;
(10) The statewide business identifier for each business entity; and
(11) Recognized by all state, county, city, and local governments as the unique business identifier for each business entity registered in this state.