(1) Without derogating from any of its powers, duties, functions and responsibilities as set forth in the other provisions of this part, the agency is specifically authorized to: Make plans for the construction, operation, and maintenance of regional educational facilities in one (1) or more of the five (5) counties constituting the region; and
(2) Take all such actions as are necessary or convenient in the judgment of the board in effectuating such plans, including, but without limitation, by reason of this enumeration: The acquisition of sites for the facilities;
(3) Sale or transfer of such sites, if acquired in the agency's name, to the agency or institution that will own and operate the facility;
(4) Arranging for the financing of the facility's construction, operation and maintenance;
(5) Applying for such federal assistance as may be available and obligating the agency as required to obtain such assistance; and
(6) Making contracts and agreements with federal, state and local educational agencies and institutions in carrying out this section.
(7) The agency may, at the request of the counties, act as a vehicle for contracts or agreements among counties for carrying out regional projects.