§ 4.07. Powers and duties of commission. The commission shall have the following responsibilities, powers and duties:

1. To make recommendations to state agencies regarding the custody, display, conservation, preservation and maintenance of works of art in the empire state plaza under the jurisdiction of such agencies;

2. To appraise and catalogue works of art in the empire state plaza;

3. To advise and assist state agencies in the preparation and distribution of publications by such agencies;

4. To make recommendations to the governor, the legislature and the commissioner of general services regarding the purchase of works of art for display at the empire state plaza;

5. To solicit and acquire by gift, grant or loan such works of art for display at the empire state plaza as it deems to be in the best interests of the people of the state;

6. To enter into such contracts as may be necessary or appropriate for the performance of the functions vested in it by this article;

7. To render such assistance as the legislature or either house thereof may request with respect to the legislative office building and other offices and facilities of the legislature in the empire state plaza;

8. To render such assistance as the commissioner of education may request with respect to the cultural education center;

9. To make an annual report to the governor and the legislature on or before December fifteenth which shall contain a complete inventory of the works of art in the empire state plaza, a summary of the accomplishments of the commission for the prior year, as well as its projects planned for the current year, and such recommendations pertinent to the duties of the commission as it deems advisable. Such report shall contain a full fiscal accounting of the activities of the commission, both current and projected;

10. To solicit and accept gifts, contributions and bequests of funds from individuals, foundations, corporations and other organizations or institutions for purposes of the commission. All funds of the commission from such gifts, contributions and bequests shall be deposited in a state fiduciary fund, expenditures from which shall be limited to the purposes of the commission set forth in this article;

11. To establish a program, in consultation with the commissioner of general services, for the promotion of the empire state plaza art collection to the public through such means as determined by the commission to be appropriate, including, but not limited to, educational seminars, remote exhibitions, special events and the sale of souvenirs or mementos related to the collection. All receipts of the commission from promotional efforts shall be deposited in a state fiduciary fund, expenditures from which shall be limited to the purposes of the commission set forth in this article.