(1) Pursuant to authorization contained in Title IV-E and Title XIX of the federal "Social Security Act", as amended, the department of human services is hereby authorized to develop, participate in the development of, negotiate for, and enter into one or more interstate compacts on behalf of the state of Colorado with other states to implement the following purposes:
(a) The protection of children on behalf of whom adoption subsidy payments are being provided by the department of human services pursuant to article 7 of title 26, C.R.S.;
(b) The implementation of procedures for interstate payments in subsidization of adoption, including medical payments.
(2) When so entered into by the department of human services, any such compact shall have the force and effect of a law for so long as it shall remain in effect.
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