I. The authority shall be responsible for the former functions, duties, and responsibilities of the office of state planning relative to administration of the community development block grant program and shall, with the consent of the committee and with the approval of the governor and council make final awards of grants and enter into contractual relationships with grantees for administering funds.
II. The authority shall provide advice and assistance to municipalities in dealing with community development concerns and problems.
III. The authority is authorized to accept federal funds to administer the small cities community development block grant program in accordance with the provisions of this subdivision.
IV. [Repealed.]