1. The Board shall administer the program and shall adopt regulations necessary for that purpose. 2. The regulations must provide such requirements for participation in the program as the Board deems necessary. 3. The money in the Fund may be used to defray, in whole or in part, the costs of administering the Fund and the expenses of the Board in administering the program. 4. The Board may, by regulation, impose an administrative fee which must be collected from each recipient of a grant from the Fund. If such a fee is imposed, all revenue derived from the fee must be used to defray, in whole or in part, the costs of administering the Fund and the expenses of the Board in administering the program.
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