(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.
History: L. 1988, ch. 320, § 3; July 1.