(a) All functions formerly administered by the governor’s office of intergovernmental relations in the executive department relating to community development block grants are hereby transferred to the department of administration, division of planning. (b) In addition to any of its other powers and responsibilities, the Rhode Island commerce corporation is authorized and empowered to accept any grants made available by the United States government or any agency of the United States government, and the corporation, with the approval of the governor, is authorized and empowered to perform any acts and enter into all necessary contracts and agreements with the United States or any agency of the United States as may be necessary in any manner and degree that shall be deemed to be in the best interest of the state. The proceeds of the received grants shall be paid to the general treasurer and deposited in a separate fund to be used solely for the purposes of the grant or grants.
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