The Revenue and Financial Services Division will:

1. A. Receive the gross revenues derived from the Arts Education and Access Income Tax and distribute the net revenues in accordance with the IGAs and this Chapter.
2. B. Keep accurate records of the funds;
3. C. Report to the Council on all funds received and disbursed to the school districts and the Office of Arts & Culture, and on ending fund balances;
4. D. Adopt administrative rules necessary to implement tax collection and administration.
5. E. If necessary, contract with public or private agencies to fulfill any of its duties in regard to this Arts Education and Access Income Tax and the Arts Education and Access Fund;
6. F. Accept any and all gifts and donations to the Arts Education and Access Fund;
7. G. In all public communications, mailings, and tax documents, identify the Arts Education and Access Income Tax either by its full name or by the shortened name "Arts Education Tax." The Arts Education and Access Fund may be referred to either by its full name or by the shortened name "Arts Access Fund"; and
8. H. In consultation with the Office of Arts & Culture, adopt administrative rules to establish a reserve requirement policy for the Arts Education and Access Fund.