An organization shall have the authority to:
(1) receive and use funds;
(2) have an account at the Texas Commission on Environmental Quality Air Emission Reduction Credit Bank;
(3) acquire emission reduction credits through purchase, donation, or other means;
(4) transfer emission reduction credits by sale or other means;
(5) identify, evaluate, promote, initiate, and facilitate potential projects and strategies to generate emission reduction credits;
(6) provide financial assistance for projects to generate emission reduction credits;
(7) employ staff;
(8) enter into contracts; and
(9) consider sustainability of projects.