Section 25-21-30 - Duties and functions of board of trusteesTo fulfill its duties and functions, the board is authorized, but not limited to:
(1) assess the needs of veterans, establish priorities, and develop goals and objectives for the Veterans' Trust Fund;(2) decide how the monies in the fund must be disbursed;(3) accept gifts, grants, and bequests from any person, entity, or foundation, either public or private;(4) accept appropriations, loans, or grants from any governmental or quasigovernmental source;(5) acquire and hold property;(6) invest trust monies, including pooled investment funds maintained by the State;(7) solicit proposals for programs aimed at meeting identified needs;(8) establish rules of procedure for board meetings and any other function of the fund necessary for the orderly conduct of its business;(9) enter into contracts for the awarding of grants to public or private, nonprofit organizations; and(10) establish criteria for awarding of grants which shall include the consideration of at least: (a) the priority of the service need that the proposal addresses;(b) the quality and soundness of the proposal and its probable effectiveness in accomplishing its objectives;(c) a cost-benefit analysis of the project;(d) the degree of community support for the proposal;(e) the utilization of local resources, including volunteers, when appropriate, and matching or in-kind contributions which may be, but are not, required;(f) the qualifications of employees to be hired under the grant;(g) the experience of the proposed project administrators in providing ongoing accountability for the program.2000 Act No. 288, Section 4; 1995 Act No. 90, Section 1.