(a)  The duties and activities of the East Bay Economic Initiative to accomplish its purposes include, but are not limited to, the following:

(1)  To work in cooperation with federal, state, and local government agencies, private businesses, business organizations, non-profit groups and individuals;

(2)  To issue public statements and to participate in marketing efforts;

(3)  To identify opportunities and to support and engage in activities, including training programs, for the expansion of boating, boat building, outfitting and related industries;

(4)  To assess and evaluate current programs and policies as they relate to the promotion of boating, boat building and related marine industries;

(5)  To prepare, adopt, and implement plans to accomplish its purposes;

(6)  To advise the governor, state and federal agencies, the general assembly, and local governments in the East Bay with regard to issues pertaining to its purposes or affecting its activities;

(7)  To hold public meetings and forums and to foster public understanding of and involvement in its programs and activities; and

(8)  To engage in any other activities that are necessary or appropriate to accomplish its purposes.

(b)  The East Bay Economic Initiative has the following powers to accomplish its purpose:

(1)  To make bylaws for the management and regulation of its affairs;

(2)  To establish committees, subcommittees, and advisory bodies;

(3)  To adopt and order a corporate seal;

(4)  To sue and be sued;

(5)  To enter into contracts, cooperative agreements, grants, sub-grants, licenses, and other agreements;

(6)  To acquire, hold, use, lease, sell, transfer, and dispose of any property or interest thereon, and to own, operate, maintain, repair, or improve any property acquired hereunder;

(7)  To employ staff and consultants as necessary or desirable; and

(8)  To apply for, contract for, receive, and expend grants, to fix rates for its facilities, and to collect fees and charges for its services or for any commodities it provides.