The Council on Postsecondary Education shall:
(1) Employ a director and sufficient staff to administer the professional education preparation programs;
(2) Formulate guidelines and policies governing program activities and fund expenditures;
(3) Allocate funds to appropriate agencies, organizations, and institutions for the purpose of conducting activities approved in accordance with guidelines and policies;
(4) Recognize regional groups made up of professionals, educators, and consumers, which shall serve in an advisory capacity to the council in accordance with guidelines and policies;
(5) Recognize a group made up of professionals, educators, and consumers which shall serve in an advisory capacity to the council on all program matters;
(6) Develop and maintain a mechanism for evaluating the impact of the program activities on admissions to, and graduation from, professional schools, and on professional manpower distribution;
(7) Conduct specific program activities which are beyond the capability of a single institution, agency, or organization, or when it is determined that it would be inappropriate for such institutions, agencies, or organizations to conduct the activity;
(8) Establish liaison with and provide assistance to the Kentucky Board of Education in developing counseling and other related programs to encourage students from shortage areas to prepare for professional careers;
(9) Coordinate the development of a financial support system to enable potential professional students in underserved areas which will enhance their ability to apply for, be admitted to, and graduate from professional education programs;
(10) Report at least annually to the appropriate committees and interim committees of the General Assembly on the operation of the program.