1. The Director shall adopt regulations to carry out the provisions of NRS 458A.090 and 458A.100.
2. The regulations adopted by the Director must include, without limitation:
(a) The procedure by which a state agency or other political subdivision of the State or an organization or educational institution may apply for a grant of money or a contract for services to be paid from the Account;
(b) The criteria that the Director must consider in determining whether to award a grant of money or a contract for services to be paid from the Account; and
(c) The procedure used by the Director to ensure that the money in the Account is distributed in a fair and equitable manner.