Section 40:33B-8 - Application for fundsa. A county historical commission may, in the name of the county and with the approval of the county governing body, apply for and accept any gifts, grants or bequests, including any grants from the federal government or any agency thereof, the government of this State or any of its agencies, instrumentalities or political subdivisions, or any foundation, corporation, association or individual, and may comply with the terms, conditions and limitations thereof, for the purpose of carrying out any of the functions, powers and duties of the commission.b. Funds received pursuant to this section shall be deposited with the public funds of the county and shall be budgeted, expended and accounted for in accordance with the provisions of the "Local Budget Law,"N.J.S. 40A:4-1 et seq. and the "Local Fiscal Affairs Law,"N.J.S. 40A:5-1 et seq., and with any terms, conditions and limitations upon which the funds are received.