(a) The State Highway Administration may enter into reciprocal agreements on behalf of this State, with the duly authorized agents of any other state, possession, territory, or commonwealth of the United States or Canada, or the District of Columbia, that provide for:

(1) Issuing permits for nondivisable loads of overweight or oversize vehicles involved in interstate commerce;

(2) Collecting permit fees;

(3) The disbursement of funds collected by the State Highway Administration which are due to other states or jurisdictions based on the respective permit fees charged in those states or jurisdictions; and

(4) Receiving funds from other states or jurisdictions for permit fees collected on behalf of this State.

(b) The State Highway Administration may not enter into any reciprocal agreement that would affect this State’s permit fees or conflict with any provisions of this title.

(c) In exercising the authority granted under this section, the State Highway Administration may:

(1) Enter into regional or national permit agreements pertaining to overweight or oversize vehicles involved in interstate commerce;

(2) Conduct audits to assure compliance with any permit agreement entered into under this section; and

(3) Enforce the provisions set forth in any permit agreement entered into under this section.