If the third frontier commission utilizes independent reviewers to review the merits of proposed research and development projects and to make recommendations to the commission concerning which projects should be awarded support under section 184.11 of the Revised Code and the commission takes one of the following actions, the commission shall provide a written explanation of the reasons for its action and present the explanation at one of the commission's regularly scheduled public meetings:
(A) Awards support for a project that the reviewers do not recommend;
(B) Refuses to award support for a project the reviewers do recommend;
(C) Makes a support award that varies substantially from the reviewers' recommendation.
The commission, pursuant to Chapter 119. of the Revised Code, shall adopt rules necessary and proper to govern explanations required under this section.