(1) There is hereby created a safety education fund to be administered by the Kentucky Fire Commission to initiate education programs in the public schools and other agencies to reduce and prevent injuries and the loss of life. The fund shall:
(a) Provide funding for a statewide "Risk Watch" program to be implemented in the public schools;
(b) Provide funding for statewide fire safety initiatives and programs including the "Learn Not to Burn" program; and (c) Allot grants to fire departments to provide resources for public education programs.
(2) The commission shall promulgate administrative regulations to establish the criteria for providing funds to initiate injury prevention curricula and training programs throughout the state. The funding criteria shall include requirements that the recipients of funds work in cooperation with other agencies to establish the programs.