I think we need to look at it as a whole. What you're raising in your question is exactly what we'd like to see implemented. As we've said, the Association des collèges et universités de la francophonie canadienne could be responsible for ensuring the funds are going to the right places. That said, a department could also do it if that would be easier.
Just like for the modernization of the Official Languages Act, we need a conductor, someone who will ensure there's some accountability on the issue of where these funds are invested.