From the funds appropriated in section 236(2), public universities shall work with community colleges in this state to implement statewide reverse transfer agreements to increase the number of students that are awarded credentials of value upon completion of the necessary credits. These statewide agreements shall enable students who have earned a significant number of credits at a community college and transfer to a baccalaureate granting institution before completing a degree to transfer the credits earned at the baccalaureate institution back to the community college in order to be awarded a credential of value. Each public university that receives an appropriation under section 236 shall consult with the department of lifelong education, advancement, and potential at least once an academic year on the policies and services the institution implements regarding reverse transfer agreements.