C.__To invest available fund balances and to credit the net interest income on those balances to the fund; and

D. To pay the costs of the department staff associated with the administration of the fund and projects financed by the fund, except that no more than the lesser of 2% of the aggregate of the highest fund balances in any fiscal year or 4% of any capitalization grants provided by the United States for deposit in the fund may be used for these purposes.

4.__Community action agencies.__The fund may be divided into separate revolving loan funds to be administered by community action agencies upon approval by the commissioner. Each separate fund must contain all repayments of principal and interest for loans made from that fund and interest earned by the fund. Interest and principal payments required by loan defaults are charged to the fund to which repayments are applied. The commissioner has sole responsibility for the allocation and distribution of the original fund and for appropriations and repayments applied to the original fund. Each community action agency has responsibility for the allocation and distribution of the portion of the fund allocated to its separate revolving loan fund.

5.__Rules.__The commissioner shall develop by rule the terms and repayment of loans and may adopt rules for the administration of the fund.

§3836.__Reports

1. Regional.__Each community action agency participating in the program shall file reports required by the commissioner.

2. Commissioner.__The commissioner shall annually by December 1st report to the joint standing committee of the Legislature having jurisdiction over human services matters on the balance of each community action agency Drive ME Wheels-to-work revolving loan fund, the status of all outstanding loans and a report on all other program activities.

§3837.__Drive ME Wheels-to-work Advisory Board

1.__Appointment.__The Drive ME Wheels-to-work Advisory Board, referred to in this section as the "board," established by