[§302A-1402]  Custodian of federal funds. 
The director of finance is designated as custodian of all funds received as the
state apportionment under any federal appropriations for public educational
purposes and the director shall disburse the funds, pursuant to the
requirements, restrictions, and regulations of the federal acts under which the
funds may be provided, on vouchers approved by the board, or by any subordinate
thereunto duly authorized by the board. [L 1996, c 89, pt of §2]