(a) The Rhode Island state council on the arts is responsible for the administration of this chapter. It has the power and authority to contract with artists in any manner that is in conformity with this chapter, and it has the authority to make expenditures from the art for public facilities fund, from the funds available in that fund. It shall select and appoint each panel provided by this chapter and has the authority to make expenditures for the expenses of the panel as provided in this chapter.
(b) The Rhode Island state council on the arts shall keep an inventory of the works of art acquired under this chapter. It shall also periodically review and examine the artwork, reporting to the general assembly when restoring, repairing, or replacing any work of art is necessary and how that should be accomplished. Any costs in this connection shall be charged against the art for public facilities fund. The costs of administering the program, other than immediately aforementioned, shall be provided by the general assembly as it deems fit in its annual appropriation to the Rhode Island state council on the arts.
(c) The Rhode Island state council on the arts shall submit an annual report to the general assembly listing all action taken pursuant to this chapter.