(a) The Executive Director of the Arkansas Social Work Licensing Board or his or her designee shall receive and account for all money derived under the provisions of this chapter and shall pay the money to the Treasurer of State, who shall keep the money in a separate fund to be known as the "Social Work Licensing Fund".
(b) Money may be paid out of the fund only by warrant drawn by the Chief Fiscal Officer of the State on the State Treasury.
(c) There shall be audits of the fund as required by law.
(d) The executive director shall be bonded to handle the finances of the board in compliance with state rules.
(e) The board may make expenditures from the fund for any purpose that is reasonable and necessary to carry out the provisions of this chapter.
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