(a) Based upon the investigation and recommendation of the Director, review all applications for economic development benefits, and (1) grant certificates for same, or (2) deny such certificate, subject to reconsideration in accordance with section 717.
(b) Based upon the investigation and recommendation of the Director, determine compliance of the beneficiary with the provisions of this subchapter and all regulations promulgated hereunder. The expenses of any investigation or any proceeding by the Commission to determine compliance by any beneficiary shall be borne by the beneficiary. If notified by the Commissioner of Labor that a beneficiary has violated the resident employment requirements of this subchapter or upon notification by the Director, in writing, of any other violation of this subchapter or of the beneficiary’s certificate, the Commission shall hold a hearing at which the beneficiary must show cause why its certificate should not be revoked, suspended, or modified.
(c) Subject to the Governor's approval, revoke, suspend or modify economic development certificates in accordance with the provisions of section 722 of this subchapter.
(d) In connection with any hearings or investigations required by the provisions of this chapter or any rules and regulations issued hereunder, to subpoena witnesses, records, and books, administer oaths and inspect properties and facilities with respect to which economic development certificates have been granted or applied for.
(e) Request and obtain from the Commissioner of Finance and the Director of the Internal Revenue Bureau and the Director of the Office of the Inspector General such auditing services as it deems necessary to the proper administration of this subchapter.
(f) After notice and hearing prepare and promulgate, in accordance with the provisions of Title 3, Chapter 35 of the Code, such rules and regulations as may be necessary to implement the provisions of this subchapter. Any rule or regulation promulgated contrary to this subsection is void and unenforceable, including any rule or regulation set forth in any resolution or other administrative statement issued by the Commission.
(g) Prepare and submit annual reports, including a summary of the proceedings of the Commission, to the Governor and each member of the Legislature containing data regarding all economic development benefits outstanding, and the beneficiaries of same.
(h) In addition to the Application Fee and Annual Compliance Fees, the Commission may also assess against an applicant or Beneficiary any extraordinary costs and expenses incurred to process the application or monitor the Beneficiary's performance of the terms and conditions of its Certificate. The cost and expenses may include but are not limited to the services of outside consultants necessitated by the Application or the Compliance Investigation.
(i) Notify the Office of the Lieutenant Governor of any corporation, joint venture, limited liability partnership, limited partnership or any other organization which has been approved for economic development benefits, within sixty (60) days of such approval; as well as prepare and submit an annual listing of all entities which are approved for benefits regardless of whether they are currently operational or not.
(j) Perform such other acts and functions within its area of responsibility as it may deem necessary in furtherance of the purposes of this subchapter.