(1) To adopt rules and regulations for the administration of the program consistent with the provisions of this subchapter;
(2) To establish and consult with an advisory panel that is representative of agencies and entities involved in the economic development of Arkansas, including business and industry;
(3) To contract with an experienced third party, the Arkansas Student Loan Authority, or another qualified agency for the administration of this loan forgiveness program; and
(4) To prepare application forms or such other forms as the board shall deem necessary to properly administer and carry out the purpose of this subchapter.
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