The department and the board shall jointly implement the program as follows:
(1) after review and approval by the board, the department shall adopt regulations under AS 44.62 to implement AS 23.15.620 - 23.15.660 and to regulate the distribution and accounting of grants awarded under the program;
(2) the department may use financial resources of the program to cover some or all of the department's cost of administering the program and may also distribute financial resources of the program through grants, the purchase of services or other contracts, or other mechanisms authorized by state law;
(3) the department may enter into interagency agreements with the University of Alaska and other state agencies for the provision of training and employment assistance under the program;
(4) after annual review and approval by the board, the department shall annually establish priorities for the provision of training and employment assistance services under AS 23.15.641 to eligible participants under AS 23.15.643; in setting priorities, the department shall consider unemployment statistics, unemployment insurance claims, projections of occupational and industrial workforce demand, availability of other training and employment assistance programs, available funding, and other relevant information; when awarding or financing grants under the program, the department may give preference to financing projects and services that train or assist individuals in vocations, businesses, or industries identified in the resident hire report required under AS 36.10.130 as employing a disproportionate percentage of nonresident individuals;
(5) the board shall assist in the evaluation of proposals for grants and make recommendations to the department regarding which grants should be awarded by the program; the department may distribute financial resources of the program to the board to pay for some or all of the board's costs, existing or anticipated, that are related to evaluating or awarding proposed grants or grants that have been awarded.