(a) The Arkansas State Medical Board shall promulgate rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq., that are reasonable and necessary for the performance of the various duties imposed upon the board by this chapter, including, but not limited to:
(1) Establishing license renewal dates; and
(2) Setting the level of liability coverage.
(b) The board may levy the following fees:
(1) Physician assistant application for licensure fee, eighty dollars ($80.00);
(2) Initial application fee for the physician employer, fifty dollars ($50.00);
(3) Physician assistant annual relicensure fee, fifty dollars ($50.00);
(4) Physician assistant delinquent licensure fee, twenty-five dollars ($25.00) for each delinquent year or part thereof;
(5) Physician assistant application for graduate or temporary licensure fee, ten dollars ($10.00); and
(6) Physician assistant one-time extension graduate licensure fee, forty dollars ($40.00).
(c) The board may appoint a physician assistant advisory committee to assist in the administration of this chapter.