The board of regents shall administer this act and shall:
(a) Publicize Kansas distinguished scholarships and provide information regarding application procedures;
(b) designate and notify each distinguished Kansas scholar;
(c) approve and award Kansas distinguished scholarships;
(d) evaluate the Kansas distinguished scholarship program annually, and make a report thereon to the governor and the legislature;
(e) require any state educational institution to promptly furnish any information which the board of regents requests relating to administration or effect of this act.