N.H. Rev. Stat. § 12-O:45

I. There is hereby established the state workforce innovation fund which shall be nonlapsing and administered by the commissioner of the department of business and economic affairs. Said fund shall be for the purpose of receiving financial assistance under the Workforce Innovation and Opportunity Act of 2014 and providing funds for grants and other workforce development initiatives. II. The fund shall be distributed or expended by the commissioner after consultation with the State Workforce Innovation Board established in RSA 12-O:44 and the approval of the governor and council for any of the following purposes: (a) Workforce Innovation and Opportunity Act of 2014 Adult and Dislocated Worker programs. (b) Workforce Innovation and Opportunity Act of 2014 Youth programs. (c) U.S. Department of Labor, Senior Community Service Employment programs. (d) U.S. Department of Labor Disability programs. (e) U.S. Department of Labor Regional Innovation and National Emergency grant programs. (f) Other projects, programs, or grants recognized as being beneficial to workforce development initiatives and consistent with the goals of the Workforce Innovation and Opportunity Act of 2014. III. (a) The department may accept gifts, grants, donations, or other moneys for the purposes of this section. Said moneys shall be deposited into the state workforce innovation fund. (b) The commissioner may enter into contracts and agreements and may take other actions that may be necessary or desirable to effect the transfer to it of operations currently conducted by the department of business and economic affairs, and to effect the transfer of assets utilized by them in doing so; and, the commissioner may assume, bear, and agree to perform those contracts of the state workforce innovation board that may be necessary or desirable for carrying out the purposes of this section. IV. The commissioner of the department of business and economic affairs shall have the authority to enter into such agreements for leasing real property, acquiring goods, and engaging services to perform Rapid Response activities in accordance with this subdivision. The commissioner shall provide the governor and council an information item not less frequently than semi-annually describing all such agreements and amounts expended pursuant thereto. Such agreements shall be made pursuant to forms of agreement that shall be approved by governor and council which forms of agreement have been reviewed by the attorney general and the commissioner of the department of administrative services.