(a) The commission may:

1. (1) accept and use gifts, grants, and contributions from any public or private source, under terms and conditions which the commission deems necessary and desirable;
2. (2) sue and be sued;
3. (3) enter into contracts and agreements;
4. (4) make rules and regulations necessary for the conduct of its business and the accomplishment of its purposes;
5. (5) receive and approve, alter, or reject requests and proposals for funding by corporations described in section 7 of this chapter;
6. (6) transfer money received under this chapter for the purposes specified in sections 7 and 7.5 of this chapter; and
7. (7) require financial or other reports from any corporation that receives funds under this chapter.

(b) A majority of the commission shall constitute a quorum for the transaction of business and the concurrence of a majority of those present shall be necessary to authorize any action.

As added by Acts 1976, P.L.22, SEC.1. Amended by P.L.49-1994, SEC.5.