(1) There is created in the State Treasury a fund to be known as the “Arkansas Home Inspectors Registration Fund”.
(2) All funds, fees, charges, costs, and collections accruing to or collected under the provisions of this subchapter shall be deposited into the State Treasury to the credit of this fund.
(3) The funds shall be used for the purposes as specified in this subchapter.
(4) Except as provided in subdivision (d)(2) of this section, effective with the 2003 registration and under the provisions of this subchapter, all funds, fees, charges, costs, and collections accruing to or collected by the Secretary of the Department of Labor and Licensing shall be deposited quarterly into the fund.
(5) The secretary shall retain twenty-five dollars ($25.00) for processing registration applications and renewals until this process is transferred to the Arkansas Home Inspector Registration Board.
(6) The board will process disbursements of those funds as necessary in the administration of this subchapter.