The board shall adopt rules necessary to carry out the provisions of the Opportunity Enterprise and Housing Development Act to:
A. establish procedures for applying and qualifying for enterprise assistance and housing development assistance;
B. establish economic development goals in consultation with the department;
C. govern the application procedures and requirements for enterprise assistance and housing development assistance;
D. determine how to select and prioritize applications for enterprise assistance to be recommended to the authority;
E. prioritize projects that are in political subdivisions that are implementing zoning reforms that support housing development projects;
F. determine how to select and prioritize applications for housing development assistance to be recommended to authority; and
G. provide safeguards to protect public money and other public resources subject to the Opportunity Enterprise and Housing Development Act.