A. The office of economic opportunity is established.

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B. The director is responsible for the direction, operation and control of the office.

C. The governor shall appoint the director of the office pursuant to section 38-211 to serve at the pleasure of the governor.

D. The office of economic opportunity operations fund is established consisting of monies deposited pursuant to sections 44-1843, 44-1861, 44-1892, 44-3324 and 44-3325 and as otherwise provided by law. The office shall administer the fund. Monies in the fund are continuously appropriated. Monies in the fund may be used in the furtherance of the mission of the office and related economic development interests.

E. The economic development fund is established consisting of monies received from the Arizona industrial development authority and the Arizona finance authority as otherwise provided by law. The office shall administer the fund.