(a) In addition to the powers set forth elsewhere in this subtitle, the Collaborative may:
(1) Adopt bylaws, rules, and policies;
(2) Adopt regulations to carry out this subtitle;
(3) Maintain an office at the place designated by the Collaborative;
(4) Apply for and receive grants, contracts, or other public or private funding;
(5) Issue and award contracts and grants; and
(6) Do all things necessary or convenient to carry out the powers granted by this subtitle.
(b) To carry out the purposes of this subtitle, the Collaborative may create and consult with ad hoc advisory committees.