The authority shall do all of the following:
(a) Adopt an annual budget.
(b) Cause a postaudit of the financial transactions and records of the authority and of all revenues expended pursuant to this division to be made at least annually by a certified public accountant.
(c) Do any and all things necessary to carry out the purposes of this division.
(Added by Stats. 1986, Ch. 1521, Sec. 1.)