| (3) | The Compact Commission shall have the following powers:
| (a) | Establish the fiscal year of the Compact Commission; |
| (b) | Establish code of conduct and conflict of interest policies; |
| (c) | Establish and amend Rules and bylaws; |
| (d) | Maintain its financial records in accordance with the bylaws; |
| (e) | Meet and take such actions as are consistent with the provisions of this Compact, the Compact Commission's Rules, and the bylaws; |
| (f) | Initiate and conclude legal proceedings or actions in the name of the Compact Commission, provided that the standing of any Licensing Authority to sue or be sued under applicable law shall not be affected; |
| (g) | Maintain and certify records and information provided to a Member State as the authenticated business records of the Compact Commission, and designate an agent to do so on the Compact Commission's behalf; |
| (h) | Purchase and maintain insurance and bonds; |
| (i) | Borrow, accept, or contract for services of personnel, including, but not limited to, employees of a Member State; |
| (j) | Conduct an annual financial review; |
| (k) | Hire employees, elect or appoint officers, fix compensation, define duties, grant such individuals appropriate authority to carry out the purposes of the Compact, and establish the Compact Commission's personnel policies and programs relating to conflicts of interest, qualifications of personnel, and other related personnel matters; |
| (l) | Assess and collect fees; |
| (m) | Accept any and all appropriate donations, grants of money, other sources of revenue, equipment, supplies, materials, services, and gifts, and receive, utilize, and dispose of the same; provided that at all times the Compact Commission shall avoid any actual or appearance of impropriety or conflict of interest; |
| (n) | Lease, purchase, retain, own, hold, improve, or use any property, real, personal, or mixed, or any undivided interest therein; |
| (o) | Sell, convey, mortgage, pledge, lease, exchange, abandon, or otherwise dispose of any property real, personal, or mixed; |
| (p) | Establish a budget and make expenditures; |
| (r) | Appoint committees, including standing committees, composed of members, State regulators, State legislators or their representatives, and consumer representatives, and such other interested persons as may be designated in this Compact or the bylaws; |
| (s) | Provide and receive information from, and cooperate with, law enforcement agencies; |
| (t) | Establish and elect an Executive Committee, including a chair and a vice chair; |
| (u) | Determine whether a State's adopted language is materially different from the model compact language such that the State would not qualify for participation in the Compact; and |
| (v) | Perform such other functions as may be necessary or appropriate to achieve the purposes of this Compact. |
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