Sec. 4. An agreement entered into under this chapter must:
(1) provide for employment by the eligible employer of eligible students and eligible secondary school students:
(A) for a minimum average of ten (10) hours per week; and
(B) a maximum average of:
(i) twenty (20) hours per week, if the student is enrolled in courses at the time of employment; or
(ii) forty (40) hours per week if the employment occurs during the summer term;
(2) provide for the reimbursement, to the extent possible under the then current biennial appropriation, by the state to the employer of at least fifty percent (50%) of the federal minimum hourly wage for each hour worked by the student for the employer;
(3) provide that any work performed by a student under this chapter must not result in the displacement of employed workers or impair existing contracts for services;
(4) provide that any work performed by a student under this chapter shall not involve any partisan or nonpartisan political or sectarian activities;
(5) provide that wage rates must be established by the eligible employer, but must not be less than the current federal minimum wage rate; and
(6) contain any other provisions necessary to carry out this chapter.