(a) The board may:
(1) develop and implement the initiative and any programs established by this chapter;
(2) establish procedures and policies for the administration of the initiative; and
(3) establish procedures to document compliance by board members and personnel with applicable laws governing conflicts of interest.
(b) To carry out the purposes of this chapter and implement the initiative, the board may:
(1) hire and employ an executive director and necessary personnel to provide administrative support;
(2) execute contracts and other instruments and conduct all activities the board determines necessary for those purposes;
(3) authorize one or more board members to execute contracts and other instruments on behalf of the board; and
(4) establish a committee or other similar entity to exercise powers delegated by the board and exercise any other administrative duties or powers as the board considers necessary.