The board shall:

A. adopt rules governing terms, conditions and priorities for providing financial assistance to tribes, including developing application and evaluation procedures and forms and qualifications for applicants and for projects;

B. provide financial assistance to tribes for qualified projects on terms and conditions established by the board;

C. authorize funding for qualified projects, including:

(1)     planning, designing, constructing, improving, expanding or equipping water and wastewater facilities, major water systems, electrical power lines, communications infrastructure, roads, health infrastructure, emergency response facilities and infrastructure needed to encourage economic development;

(2)     developing engineering feasibility reports for infrastructure projects; (3)     inspecting construction of qualified projects;

(4)     providing special engineering services;

(5)     completing environmental assessments or archaeological clearances and other surveys for infrastructure projects;

(6)     acquiring land, easements or rights of way; and

(7)     paying legal costs and fiscal agent fees associated with development of qualified projects.