On or before the first day of July, one thousand nine hundred ninety-two, the share in your future commission shall promulgate legislative rules pursuant to section nine, article three-b, chapter twenty-nine-a of this code regarding the criteria to be used in awarding shares. When the commission determines that adequate funding is available, these rules shall be forwarded to each county board to be used in awarding shares to participants. Shares in the fund may be awarded for performance by students in grades seven through eleven in the following areas:
(a) Attendance or improved attendance over the previous school year;
(b) Successful completion of an advance placement course and passage of the national advanced placement exam;
(c) An improvement in quality point average over the previous school year;
(d) Completion of all courses with a specified quality point average;
(e) Signing a drug free, alcohol free pledge;
(f) Completion of an advanced course in specified subject areas;
(g) Demonstrated participation in extracurricular activities; and
(h) Such other areas and criteria as the share in your future commission may establish.