In order to implement section 8003 and the purposes of this chapter, the authority is directed to:
1. Conduct studies. Conduct or cause to be conducted any studies that the authority determines necessary or proper;
2. Enter into contracts. Enter into and fulfill any contracts and agreements the authority determines necessary or proper;
3. Acquire property. Acquire property, including, but not limited to, railroad lines, both within and outside of this State; and
4. Cooperate with government agencies. Cooperate and enter into agreements, contracts and compacts with any government agency, the National Railroad Passenger Corporation and any other person, public or private.