1. Notwithstanding the provisions of section 208.040, aid to dependent children benefits shall be granted on behalf of a needy child and may be granted to a needy eligible legal guardian caring for a needy dependent child who:
(1) Has been deprived of parental support or care by reason of the death, continued absence from the home, or physical or mental incapacity of a parent;
(2) Is living with a legal guardian;
(3) Is under the age of eighteen; and
(4) Is not eligible for aid to dependent children benefits under section 208.040 because the child is not living with a specified relative.
2. The amount of the monthly public assistance benefit payable hereunder shall be determined by the standards set forth in section 208.150.