Federal funds received by any agency of the state shall be deposited in the State Treasury and disbursed upon warrants issued by the State Treasurer and shall be subject to the other fiscal controls imposed by this act, except where federal laws and/or regulations of the federal agency which makes such funds available to the State requires federal funds to be granted, deposited, allocated or expended through channels other than those required by the provisions of this act.

Added by Laws 1947, SB 36, p. 372, § 8, emerg. eff. February 25, 1947; Amended by Laws 1979, HB 1020, c. 47, § 46, emerg. eff. April 9, 1979.