The purpose of the commission shall be to study pollution levels in general terms on a statewide basis; develop a program where cities and towns develop community septic system management plans; determine funding sources for creation of such plans, determine funding sources for a homeowners financial assistance program; develop the specific requirements of such a program; determine which agency or agencies and mechanisms are best able to manage and administer said funding; draft legislation which would incorporate the findings and recommendations of the commission and a plan of implementation of the findings and recommendations of the commission; and report in writing to the general assembly on January 3, 1997 on the findings and recommendations of the commission with proposed legislation, and shall expire February 3, 1997.