The regulations shall specify that the program shall be operated as a privately operated program under the oversight of a state agency to be designated by the Governor. In consultation with the districts and interested parties, the state oversight agency shall be responsible for the implementation of the program, including the following:
(a) Solicitation and analysis of public comments on the overall program goals, objectives, and design.
(b) Development of the program structure.
(c) Overall quality control, including verifying emission reductions and certification of the emission reduction credits.
(d) Definition of terms such as “high emitter,” “collector interest vehicles,” and “nonrevivable junk certificates.”