(a) The commission may take any action necessary to:
(1) ensure this state's participation to the fullest extent practicable in the abandoned mine reclamation fund established by the federal Act; and
(2) act as this state's agency for that participation.
(b) Under the federal Act, the commission by rule shall:
(1) establish priorities that meet the terms of that Act for the expenditure of money in the fund;
(2) designate the land and water eligible for reclamation or abatement expenditures;
(3) submit reclamation plans, annual projects, and applications to the appropriate authorities under that Act; and
(4) administer money received for abandoned mine reclamation or related purposes.