(1) Equipment purchased under this subchapter shall remain the property of the State of Arkansas for two (2) years and then become the property of the recipient of the equipment.
(2) A person who receives the equipment shall be responsible for the maintenance of the equipment and liable to the Arkansas Rehabilitation Services for the loss of or damage to the equipment.
(3) In the event of the death of an individual in possession of the equipment, or should a person in possession of the equipment leave the state, the equipment shall automatically revert to the possession of the Arkansas Rehabilitation Services.
(4) Any money collected by the Arkansas Rehabilitation Services under this section shall be deposited into the Telecommunications Equipment Fund.