(1) The governor, on behalf of this state, may take all steps necessary to join with other states in the formation and operation of the Great Lakes protection fund provided that the fund does all of the following:

  (a) Provides for the fund to receive money from each of the participating states and to expend only the interest and earnings of the fund for the purposes of subdivision (b).

  (b) Provides for the funding of activities related to Great Lakes research and protection including but not limited to:

  (i) Research on the economic, environmental, and human health effects of contamination in the Great Lakes.

  (ii) The collection and analysis of data on the Great Lakes.

  (iii) The development of new or improved environmental cleanup technologies.

  (iv) Research to assess the effectiveness of pollution control policies.

  (v) The assessment of the health of Great Lakes fish, waterfowl, and other organisms.

  (2) The governor shall do all things necessary to implement the agreement.

  (3) The governor shall appoint members to the board of directors of the Great Lakes protection fund in accordance with the agreement.