(1) Without derogating from any of its powers, duties, functions and responsibilities as set forth in the other provisions of this chapter, the authority is specifically authorized to make plans for the construction, operation, and maintenance of regional facilities, including, but not limited to, educational and recreational facilities in one (1) or more of the counties constituting the region and to 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;
(2) The sale or transfer of such sites if acquired in the authority's name, to the agency or institution that will own and operate the facility arranging for the financing of the facility's construction, operation, and maintenance;
(3) Applying for such federal assistance as may be available and obligating the agency as required to obtain such assistance; and
(4) Making contracts and agreements with federal, state and local educational agencies and institutions in carrying out the provisions of this section.
(5) The authority may, at the request of the counties, act as a vehicle for contracts of agreements among counties for carrying out regional projects.