(1) To encourage wildlife habitat conservation on private lands, the Arkansas State Game and Fish Commission shall enter into licensing agreements for a duration of not less than ten (10) years for approved projects on privately owned lands.
(2) The licensing agreements shall detail the landowner's responsibilities.
(3) Expenditures by owners of private lands for these wildlife habitat conservation projects approved by the commission and covered by a licensing agreement shall be considered contributions to or for the use of the State of Arkansas.