The Department has the authority to apply for, accept, receive, expend, and administer on behalf of the State any grants, gifts, bequests, loans, indirect cost reimbursements, funds, or anything else of value made available to the Department from any source for assistance with outreach activities related to the Department’s enforcement efforts and staffing assistance for boards and commissions under the purview of the Department. Any federal indirect cost reimbursements received by the Department pursuant to this Section shall be deposited into the Department of Labor Federal Indirect Cost Fund, and such moneys shall be used only for the purposes for which they are allowed. Any other federal funds received by the Department pursuant to this Section shall be deposited in a trust fund with the State Treasurer and held and disbursed by him or her in accordance with the Treasurer as Custodian of Funds Act, provided that such moneys shall be used only for the purposes for which they are contributed and any balance remaining shall be returned to the contributor. The Department is authorized to promulgate such rules and enter into such contracts as it may deem necessary in carrying out the provisions of this Section.