The commission shall have the following powers and functions:

(1) To request and obtain from any department, board, commission or other agency of the state or of any municipality, authority or other political subdivision within the state such assistance and data as will enable it to carry out the purposes of this chapter;

(2) To accept any federal funds granted for all or any of the purposes of this chapter;

(3) To accept any gifts, donations, bequests or grants of funds from private and public agencies for all or any of the purposes of this chapter;

(4) To create committees necessary for the performance of responsibilities pursuant to this chapter and to appoint members thereto;

(5) To work with representatives from the state of Israel in forming a counterpart to the commission in the state of Israel;

(6) To work with its counterpart organization in the state of Israel and with the business, financial and academic communities in the state to encourage and schedule visits, conferences and exchanges between the state and the state of Israel concerning industrial development, commerce and trade, culture, science and technology, medicine and health care research and education; and

(7) To perform such other acts as may be necessary and appropriate to promote mutual prosperity, development and understanding between the state of Connecticut and the state of Israel.