(a)
(1) There is established the Arkansas Veterans' Child Welfare Service.
(2) The Arkansas Veterans’ Child Welfare Service shall be under the direction of a director to be named by the Governor upon written recommendation by the governing body of the American Legion — Department of Arkansas Foundation, Inc.
(3) The Director of the Arkansas Veterans' Child Welfare Service shall serve at the pleasure of the Governor. (4) The director shall report to the Secretary of the Department of Veterans Affairs.
(b)
(1) The Arkansas Veterans’ Child Welfare Service shall establish a program of furnishing temporary and interim welfare and rehabilitation services and assistance for minor children of honorably discharged Arkansas veterans who are deceased or medically incapacitated.
(2) The Arkansas Veterans’ Child Welfare Service is authorized to enter into contracts and agreements with one (1) or more veterans' organizations in this state, with private individuals or corporations, or with the United States Government for the sharing of facilities or services and for the administration of funds in furtherance of veterans' child welfare services.
(c) Funds granted to the Arkansas Veterans’ Child Welfare Service, other than state-appropriated funds, may be deposited into one (1) or more bank accounts in banks in this state and shall be administered in accordance with purposes for which the funds were granted as authorized in this section.