The secretary shall administer the provisions of K.S.A. 65-3321 through 65-3329, shall be responsible for administration and management of the fund, and is hereby authorized to: (a) Enter into agreements with the administrator, which agreements shall include but not be limited to the specific requirements of the federal act; (b) establish jointly with the administrator a schedule of payments under which the administrator will pay to the state the amounts made available under the federal act; (c) accept amounts paid to the state in accordance with the schedule of payments and cause such amounts to be deposited in the state treasury and credited to the fund; (d) enter into binding commitments for the provision of loans in accordance with the requirements of the federal act and the provisions of K.S.A. 65-3321 through 65-3329; (e) review applications of municipalities for loans and select the projects for which loans will be made available each year; (f) provide the administrator, the governor and the legislature with the annual report prepared in accordance with K.S.A. 65-3328 and with copies of the audit required under K.S.A. 65-3322; and (g) adopt rules and regulations necessary for effectuation of the provisions of K.S.A. 65-3321 through 65-3329.
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