Upon the passage of this subchapter, the Capitol Parking Control Committee shall proceed to study the traffic conditions on the drives of the State Capitol grounds and shall make a study of the existing and anticipated needs for parking space on the State Capitol grounds and other parking lots and drives leased by or in the custody of the Secretary of State or the Building Authority Division. Upon completion of the study, the committee shall establish rules and shall amend or change them from time to time as deemed necessary in the following manner:
(1) Establish maximum speed limits for motor vehicles traveling upon the regulated streets and drives;
(2) Direct the flow of traffic on the regulated streets and drives;
(3) Prohibit the parking, during normal business hours, of motor vehicles on the regulated streets and drives;
(4) Establish or assign parking spaces that shall be available for use as designated by the various offices or persons working in the State Capitol Building or in any of the other buildings on the State Capitol grounds and regulate parking by elected officials in the spaces set aside for that purpose; and
(5) Do all other things reasonable and necessary to properly regulate and control the flow of traffic on the State Capitol grounds and to provide parking facilities for use by the public on the grounds.