(1) The State Board of Education or the Career Education and Workforce Development Board is designated as the state agency or authority to receive and administer all available federal funds or those funds which may hereafter become available for early childhood education or adult education of less than college grade.
(2) This provision shall be applicable except in instances in which the United States Congress specifically provides for some other state agency, institution, or state official to receive and administer specific federal grants in these areas.
(3) The state agency or authority shall disburse any and all federal funds in accordance with federal and state statutes and any implementing federal regulations or state rules pertaining thereto.