(1) The Office of the Attorney General shall use the wage reporting and financial institution match system formerly designed, developed, implemented, and operated by the Cabinet for Health and Family Services for the purpose of identifying the financial assets of individuals as identified by cabinet agencies, for the purpose of administering the child support enforcement program of the Commonwealth. The office may promulgate administrative regulations to implement this section.
(2) Each financial institution in the Commonwealth shall enter into an agreement with the Office of the Attorney General to develop and operate a data match system to facilitate identification of financial assets of individuals identified by cabinet agencies for the purpose of administering the child support enforcement programs of the Commonwealth.