(a) The State of Maryland assents to the federal acts.
(b) The State Treasurer shall:
(1) Be the custodian of any money received under the federal acts; and
(2) Disburse this money in accordance with the federal acts.
(c) The State Board of Education shall:
(1) Cooperate with the appropriate federal agencies in administering the federal acts; and
(2) Do anything necessary to secure the benefits of the federal acts.