(1) The Department of Human Services shall promulgate rules to implement this subchapter.
(2) The Department of Human Services shall administer the Arkansas Safety-net Benefit Program and the Arkansas Safety-net Benefit Fund.
(3) The Department of Human Services shall: Prepare and submit to the United States Department of Health and Human Services a request for a demonstration waiver under section 1115 of the Social Security Act, describing one (1) or more statewide health insurance limited safety-net benefit packages that can be funded within existing allotments received by the state under Title XXI of the Social Security Act;
(4) Administer the Arkansas Safety-net Benefit Program and the Arkansas Safety-net Benefit Fund in accordance with a federally approved Health Insurance Flexibility and Accountability demonstration initiative waiver;
(5) Deposit Arkansas Employer Sponsored Insurance Fund revenues into insured interest-bearing accounts at banking institutions in Arkansas; and
(6) Expend Arkansas Safety-net Benefit Fund moneys as state matching funds in accordance with the requirements of federal healthcare programs and the Arkansas Safety-net Benefit Program.