(1) The Treasurer of State is designated as custodian of all moneys received from the United States Government for the purpose of carrying out any federal statutes pertaining to the purpose of this subchapter.
(2) The Treasurer of State shall make disbursements from the federal funds and all state funds available for such purposes upon certification in the manner provided in § 20-79-204.
(3) All federal grants received in adjustment of the federal-state account may be expended during the year received or in any succeeding year.