(a) The Department shall adopt regulations to carry out the Program, including:
(1) application and review procedures;
(2) procedures for adequate public notice of assistance available under the Program; and
(3) selection standards that the Panel shall consider in reviewing applications for grants.
(b) Selection standards under subsection (a)(3) of this section include:
(1) the relative merits of the project or activities within identified statewide needs;
(2) the extent to which the appropriate political subdivision contributes to support the project;
(3) the potential for the project to stimulate increased tourism, museum attendance, or museum self-sufficiency; and
(4) other relevant factors, such as the extent to which the project helps achieve equal geographic distribution of grant assistance throughout the State.