67-1207 - Powers and duties of the Authority.
§ 67-1207. Powers and duties of the Authority.
In addition to such other powers and duties established under this chapter,the Authority shall have the power and duty to:
1. Adopt, use, and alter at will an official seal;
2. Make bylaws for the management and regulation of its affairs;
3. Maintain an office at such place or places within the Commonwealth as itmay designate;
4. Accept, hold, and administer moneys, grants, securities, or other propertytransferred, given, or bequeathed to the Authority, absolutely or in trust,from any source, public or private, for the purposes for which the Authorityis created;
5. Make and execute contracts and all other instruments and agreementsnecessary or convenient for the exercise of its powers and functions;
6. Employ, in its discretion, consultants, attorneys, architects, engineers,accountants, financial experts, investment bankers, superintendents,managers, and such other employees and agents as may be necessary, and fixtheir compensation to be payable from funds made available to the Authority;
7. Invest its funds as permitted by applicable law;
8. Receive and accept from any federal or private agency, foundation,corporation, association, or person grants, donations of money, or real orpersonal property for the benefit of the Authority, and receive and acceptfrom the Commonwealth or any state, and from any municipality, county, orother political subdivision thereof and any other source, aid orcontributions of either money, property, or other things of value, to beheld, used, and applied for the purposes for which such grants andcontributions may be made;
9. Enter into agreements with any department, agency, or instrumentality ofthe United States or of the Commonwealth and with lenders and enter intoloans with contracting parties for the purpose of planning, regulating, andproviding for the financing or assisting in the financing of any project;
10. Do any lawful act necessary or appropriate to carry out the powers hereingranted or reasonably implied;
11. Identify and take steps to mitigate existing state and regulatory oradministrative barriers to the development of the offshore wind energyindustry, including facilitating any permitting processes; and
12. Enter into interstate partnerships to develop the offshore wind energyindustry and offshore wind energy projects.
(2010, cc. 507, 681.)