The authority shall have and may exercise all powers necessary or appropriate to carry out and effectuate the authority's purposes under this chapter, including the following:
(1) Adopt bylaws, if necessary.
(2) Make and execute contracts, grants and other instruments.
(3) Apply for and receive money from any source consistent with the purposes of this chapter, including letters of intent and proposals under section 6122(f) (relating to specific powers and duties).
(4) Establish priorities for and allocate and disburse money received consistent with the purposes of this chapter.
(5) Establish subcommittees composed of members of the board or nonmembers of the board to consult with and advise the authority.
(6) Adopt a Statewide broadband plan.
(7) Perform other operational activities necessary or appropriate to further the purposes of this chapter.