The Trust shall have the powers and duties to:
(1) Solicit and accept any gift, grant, legacy, or endowment of money from the federal government, State government, local government, or any private source in furtherance of the Trust;
(2) Provide grants to nonprofit organizations, community associations, civic groups, schools, or public agencies for citizen involvement projects;
(3) Develop projects for sponsorship by corporate and business organizations or private individuals;
(4) Develop criteria for citizen involvement projects or corporate sponsorship projects;
(5) Make, execute, and enter into any contract or other legal instrument;
(6) Receive appropriations as provided in the State budget;
(7) Lease and maintain an office at a place within the State the Trust designates;
(8) Adopt bylaws for the regulation of its affairs and the conduct of its business;
(9) Take any other action necessary to carry out the purposes of the Trust;
(10) Sue and be sued, but only to enforce contractual or similar agreements with the Trust; and
(11) Report annually to the Governor and, subject to § 2–1257 of the State Government Article, to the General Assembly, its activities during the preceding year together with any recommendations or requests deemed appropriate to further the purposes of the Trust.