- (a) The board of directors may incorporate the Arkansas Financial Education Commission as a nonprofit corporation under the Arkansas Nonprofit Corporation Act of 1993, Arkansas Code § 4-33-101 et seq., and have all rights and powers of a nonprofit corporation under federal and state law.
- (b) The board may request information from any state agency or political subdivision of the state that receives state funds to enable the commission to perform its duties.
(c) The board may enter into mutual agreements with any state agency, local government, subdivision of the state or local government, or any for-profit or nonprofit entity to:
- (1) Allow the commission to use any facility within the control or jurisdiction of the entity; or
- (2) Render any services by an entity to the commission or by the commission to the entity if the services are for or in connection with the commission’s activities.
(d) The board has the authority to:
(1) Contract for services necessary for the:
- (A) Management and operation of the commission; and
- (B) Development, management, and implementation of the financial educational plans and programs;
- (2) Contract with consultants as necessary to carry out the responsibilities of the commission;
- (3) Promote, advertise, and publicize the activities of the commission; and
(4) Coordinate and promote financial education efforts at the state and local level, including promoting partnerships among:
- (A) State and local governments;
- (B) Nonprofit organizations, including the commission; and
- (C) Private entities.