The state board of regents may adopt rules and regulations for the administration of the Kansas national guard educational assistance act and shall:
(a) Establish a mechanism to ensure distribution of funds for tuition and fee reimbursement to Kansas educational institutions;
(b) enter into a cooperative relationship with the adjutant general to ensure efficient operation of the program;
(c) develop and effectuate a system of accountability for all disbursements under the program and provide written reports as prescribed; and
(d) coordinate with the adjutant general a procedure to ensure initial and ongoing eligibility of all guard members and dependents who are program participants.