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The legislature shall provide funds for suitable offices for the Department of Economic Development and the Board of Commerce and Industry and shall provide adequate funds annually for the operation of the activities of the department and the board.  The department shall administer all such funds and any other funds made available to the department or the board by the federal government or any other outside agency, organization, or individual in accordance with state law.

Acts 1964, No. 403, §1; Acts 1989, No. 324, §1.