The board shall have the following powers, duties, and responsibilities:

(1) To locate and determine specific underserved areas of the state in which unmet priority needs exist for physicians by monitoring and evaluating the supply and distribution of physicians by specialty and geographical location;

(2) To approve and allocate state appropriations for family practice training programs, including but not limited to fellowships in geriatrics and other areas of need as may be identified by the board;

(3) To approve and allocate state appropriations for designated pediatric training programs;

(4) To approve and allocate any other state funds appropriated to the Georgia Board for Physician Workforce to carry out its purposes;

(5) To coordinate and conduct with other state, federal, and private entities, as appropriate, activities to increase the number of graduating physicians who remain in Georgia to practice with an emphasis on medically underserved areas of the state; and

(6) To carry out any other functions assigned to the board by general law.