A Building Better Futures Program implemented by an approved institution shall:
(1) Have a selective admission process for students with documented intellectual disabilities;
(2) Be exempt from the higher education state minimum core curriculum as determined by the Arkansas Higher Education Coordinating Board under § 6-61-218;
(3) Be exempt from program review by the board under §§ 6-61-207 and 6-61-208;
(4) Be part of a comprehensive transition and postsecondary program approved by the United States Department of Education within three (3) years of establishing the program at the approved institution;
(5) Allow a certificate to be awarded to a student who successfully completes the program; and
(6) Not permit hours completed in the program to be transferred toward credit for an associate or baccalaureate degree program.