Prior to processing applications for state assistance payments toward the cost of municipal waste reduction or recycling projects, the commissioner shall promulgate, in consultation with the director of the budget and the commissioner of economic development, rules and regulations which shall include criteria for determining eligible expenditures and procedures for governing the commitment and disbursement of funds appropriated in accordance with this title. The commissioner, in consultation with the commissioner of economic development, shall also promulgate rules and regulations which shall include application procedures, review processes, and project approval guidelines and criteria.