In addition to other duties and powers conferred by law upon the Commissioner of State Lands, he or she shall have the following duties and powers:

1. (1) Effectuate the policies declared in Arkansas Code § 22-5-301, to:

   1. (A) Carry out its purposes by securing the cooperation and assistance of the United States and any of its agencies; and
   2. (B) Enter into contracts, agreements, and conveyances necessary to secure such federal assistance;
2. (2) Conduct investigations, independently or jointly with other state and federal agencies, relating to conditions and factors affecting, and methods of accomplishing more effectively, the purposes of this part; and
3. (3) Assign lands to the several state agencies for administration, subject to their agreement and acceptance.