"Responsible' + infinitive, or + 'for' and gerund?

This question has been sent in by J. Ebert.

Someone edited my copy. I took issue.

Version 1: The board is responsible to determine the budget.

Version 2: The board is responsible for determining the budget.

Question 1: Which is correct?

Both seem grammatically correct to me.

Question 2: If both are grammatically correct, should one be preferred, or is it purely a matter of personal choice?

Question 3: If one should be preferred, why?
Original Post