(1) The following highway is designated as a state highway and placed under the jurisdiction of the Mississippi Transportation Commission; and such highway, together with the highways designated in Section 65-3-3, and all other laws adding links to the designated state highway system, are declared to be the state highway system of Mississippi:
Old Mississippi Highway 430 from the Leflore/Carroll County line southeasterly to its intersection with Mississippi Highway 17, a distance of approximately thirteen (13) miles.
(2) The Mississippi Transportation Commission shall take over and assume responsibility for construction and maintenance of the segment of highway described under subsection (1) of this section whenever the commission certifies that such segment of highway has been brought up to commission standards and all utilities, signs, structures and other encroachments on such highway and right-of-way, are removed or relocated.