The board of directors of a property assessed energy improvement district, together with any third-party administrator it may select, shall determine:
(1) The guidelines of the PACE program, including without limitation that: The base energy performance evaluation shall be completed by a certified and qualified energy evaluation professional to determine existing energy use and options for improved energy efficiency;
(2) The approved improvements create a positive cash flow;
(3) Work shall be performed by qualified and certified contractors in the field of energy efficiency and methods of renewable energy installation;
(4) Performance testing and verification shall be performed by a qualified professional after the work is completed;
(5) Adequate consumer protections are in place; and
(6) The applicable underwriting standards for the participants in the program are established;
(7) The qualifications of the vendors performing installations under this chapter;
(8) The mechanisms by which the district will remit the received special assessment payments and any cost reimbursement; and
(9) Any other matters necessary to implement and administer the program.