(a) The assistant provost shall administer this act, shall be responsible for the allocation and distribution of grants-in-aid to eligible local organizations for community resource programs in accordance with appropriations therefor and, in addition, shall have and may exercise the following powers, duties and functions:

(1) Review and evaluate community resource programs, applications for grants-in-aid and budgets of local organizations;

(2) establish standards and criteria for assigning priorities, on the basis of community needs assessments, among local organizations for the allocation and distribution of grants-in-aid;

(3) provide consultation and assistance to local organizations in the establishment, operation and coordination of community resource programs;

(4) make studies and gather and disseminate information relating to materials, resources, procedures, programs and personnel which are available for use in community resource programs; and

(5) recommend to the board of regents such rules and regulations for the approval of applications of local organizations and such other rules and regulations as may be necessary to administer the provisions of this act.

(b) The board of regents is hereby authorized to adopt, amend and revoke rules and regulations for the administration of the community resource act.