The Department shall have the following powers and duties:
     (a) To allocate funds to podiatric practice residency programs according to the following priorities:

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Terms Used In Illinois Compiled Statutes 110 ILCS 978/15


         (1) to increase the number of podiatric physicians in
    
designated shortage areas;
        (2) to increase the number of accredited podiatric
    
practice residencies within the State;
        (3) to increase the percentage of podiatric practice
    
physicians establishing practice within the State upon completion of residency; and
        (4) to provide funds for rental of office space,
    
purchase of equipment, and other uses necessary to enable podiatric physicians to locate their practices in communities located in designated shortage areas.
    (b) To determine the procedures for the distribution of the funds to podiatric practice residency programs, including the establishment of eligibility criteria in accordance with the following guidelines:
         (1) preference for programs that are to be
    
established at locations which exhibit potential for extending podiatric practice physician availability to designated shortage areas;
        (2) preference for programs that are located away
    
from communities in which medical schools are located; and
        (3) preference for programs located in hospitals
    
having affiliation agreements with medical schools located within the State.
    (c) To establish a program of podiatry student scholarships and to award scholarships to eligible podiatry students.
     (d) To determine criteria and standards of financial need in the awarding of scholarships under this Act.
     (e) To receive and disburse any federal funds available for carrying out the purpose of this Act.
     (f) To enter into contracts or agreements with any agency or department of the State of Illinois or the United States to carry out the provisions of this Act.
     (g) To coordinate the podiatry residency grants program established under this Act with the program administered by the Illinois Board of Higher Education under the Health Services Education Grants Act.