The board may:

1. (1) exercise the executive and legislative powers of the authority as provided by this chapter;
2. (2) as a municipal corporation, sue and be sued in its name;
3. (3) sell, lease, or otherwise contract for advertising in or on the facilities of the authority;
4. (4) protect all property owned or managed by the board;
5. (5) adopt an annual budget;
6. (6) incur indebtedness in the name of the authority in accordance with this chapter;
7. (7) acquire real, personal, or mixed property by deed, purchase, or lease and dispose of it for use in connection with or for administrative purposes;
8. (8) receive gifts, donations, bequests, and public trusts, agree to conditions and terms accompanying them, and bind the authority to carry them out;
9. (9) receive federal or state aid and administer that aid;
10. (10) erect the buildings or structures needed to administer and carry out this chapter;
11. (11) determine matters of policy regarding internal organization and operating procedures not specifically provided for by law;
12. (12) adopt a schedule of reasonable charges and rents, and collect them from all users of facilities and services within the jurisdiction of the authority;
13. (13) purchase supplies, materials, and equipment to carry out the duties and functions of the board, in accordance with procedures adopted by the board and under applicable statutes;
14. (14) employ the personnel necessary to carry out the duties, functions, and powers of the board;
15. (15) sell any surplus or unneeded real and personal property in accordance with procedures adopted by the board and under applicable statutes;
16. (16) adopt rules governing the duties of its officers, employees, and personnel, and the internal management of the affairs of the board;
17. (17) fix the compensation of the various officers and employees of the authority, within the limitations of the total personal services budget;
18. (18) purchase public transportation services from public or private transportation agencies upon the terms and conditions set forth in purchase of service agreements between the authority and the transportation agencies;
19. (19) acquire, establish, construct, improve, equip, operate, maintain, subsidize, and regulate public transportation systems within the jurisdiction of the authority;

20. (20) after receiving a request for assistance from a public transportation system, enter into agreements with government agencies, political subdivisions, private transportation companies, railroads, and other persons providing for:

    1. (A) construction, operation, and use by the other party of any public transportation system and equipment held or later acquired by the authority; and
    2. (B) acquisition of any public transportation system and equipment of another party if all or part of the operations of that party take place within the jurisdiction of the authority;
21. (21) rent or lease any real property, including air rights above real property owned or leased by a transportation system, for transportation or other purposes, with the revenues from those rentals to accrue to the authority and to be used exclusively for the purposes of this chapter;
22. (22) negotiate and execute contracts of sale, purchase, or lease, or contracts for personal services, materials, supplies, equipment, or passenger transportation services;
23. (23) establish at or near its terminals and stations the off-street parking facilities and access roads that are necessary and desirable, and charge fees for or allow free use of those facilities;
24. (24) enter into agreements with other persons for the purpose of participating in transportation planning activities;
25. (25) administer any rail services or other use of rail rights-of-way that may be the responsibility of state or local government under the Federal Regional Rail Reorganization Act of 1973, as amended (45 U.S.C. sections 701-794);
26. (26) determine the level and kind of public transportation services that should be provided by the authority; and

27. (27) do all other acts necessary or reasonably incident to carrying out the purposes of this chapter.

    [Pre-Local Government Recodification Citations: 19-5-2.5-7 part; 19-5-2.5-10.]

    As added by Acts 1981, P.L.309, SEC.76. Amended by P.L.235-1997, SEC.9.