(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State the Child Support Enforcement Fund.
(b) The Child Support Enforcement Fund will be used for deposit of funds collected by the Office of Child Support Enforcement under Title IV, Part D, of the Social Security Act.
(c) Funds received in the Child Support Enforcement Fund shall include:
(1) The state share of funds collected by the Office of Child Support Enforcement that were previously paid by the state as Aid to Families with Dependent Children payments;
(2) All incentive payments received from the federal government for both Aid to Families with Dependent Children and non-Aid to Families with Dependent Children collections;
(3) All amounts received as reimbursement from the state and federal programs; and
(4) All amounts earned as interest on these amounts.
(d) It is the intent of the General Assembly that the Office of Child Support Enforcement operated under Title IV, Part D, of the Social Security Act utilize funds retained in the Child Support Enforcement Fund for operation and improvement of the program in this state. All funds accumulated in the Child Support Enforcement Fund shall be retained by the program to pay expenses incurred in the operation and improvement of the program in Arkansas.