The board shall adopt rules and regulations deemed necessary for the implementation and administration of this article, which shall include, but shall not be limited to, rules and regulations for:

(1) Establishing a staff review and application approval process;

(2) Application scoring criteria that shall include provisions that give priority to apprenticeship programs that hire and train apprentices who are:

(A) Between 15 and 21 years of age; or

(B) Enrolled in an adult education program and engaged in obtaining a high school diploma;

(3) The minimum score necessary for approval of a contract; and

(4) The terms of agreement between an employer sponsor or apprenticeship sponsor and the board.