(a) The Arkansas Development Finance Authority is transferred from the Department of Commerce and shall operate independently from a cabinet-level department.
(b) All personnel employed by the authority before the transfer under this section are deemed to meet all employment standards and qualifications required by the authority and are granted employment at a rank and salary grade that is at least equal to their current rank and salary grade.
(c) The Department of Commerce and the Department of Shared Administrative Services shall grant access to and provide all information requested by the authority to accomplish the transfer of the authority under this section and the mission of the authority.