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(a) Any nonresident, sixty-five (65) years of age or older, whose home state does not require nonresident fishing or hunting licenses for persons sixty-five (65) years of age and older, shall not be required to purchase a nonresident fishing or hunting license to lawfully hunt or fish in this state, provided that person possesses a valid hunting or fishing license issued by his or her home state for the species of fish or game he or she is attempting to take.
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(b) The Arkansas State Game and Fish Commission is authorized to enter into reciprocity agreements with other states and issue necessary rules and regulations for the implementation of this section.