The Standardbred Race Fund Advisory Committee shall select an administrator to supervise the daily operation of the Standardbred Race Fund. The Administrator selected by the Standardbred Fund Advisory Committee shall be appointed by, and serve at the pleasure of, the Commission. The salary and benefits of the Administrator shall be established by the Commission and, together with the other reasonable expenses incurred in the administration of the Standardbred Race Fund, shall be paid from the monies that inure to the Standardbred Race Fund.