The administrative agency shall:
(1) Develop program guidelines;
(2) Market the fund to eligible applicants;
(3) Receive, review, and evaluate proposals;
(4) Submit funding proposal recommendations to the oversight commission;
(5) Administer annual monitoring and reporting on the fund;
(6) Create operating rules and guidelines for the oversight commission; and
(7) Perform all other activities necessary to support the administration of the fund.