(a)
(1) The Adjutant General shall establish, implement, and enforce such administrative rules and regulations as are necessary for implementation of the Arkansas National Guard Student Loan Repayment Program.
(2) The regulations shall include criteria for selection from among applicants in those circumstances in which the number of applicants exceeds appropriated funding for the calendar year.
(b) In establishing regulations relating to academic qualification, certification, recertification, and payment, the Adjutant General shall obtain the advice of the Department of Higher Education.
(c) To the extent possible, the department shall include the program among other existing financial aid programs and shall monitor the program and enforce policies, as necessary, to conform with department regulations.