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(a) The board of directors of a property assessed energy improvement district may:
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(1) Issue revenue bonds on behalf of the district;
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(2) Make and adopt all necessary bylaws for its organization and operation;
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(3) Elect officers and employ personnel necessary for its operation;
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(4) Operate, maintain, expand, and fund a PACE project;
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(5) Apply for, receive, and spend grants for any purpose under this chapter;
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(6) Enter into agreements and contracts on behalf of the district;
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(7) Receive property or funds by gift or donation for the finance and support of the district;
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(8) Reimburse a governmental entity for expenses incurred in performing a service for the district;
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(9) Assign assessments to a private lending institution; and
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(10) Do all things necessary or appropriate to carry out the powers expressly granted or duties expressly imposed under this chapter.
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(b) The board of directors shall:
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(1) Allow a commission of:
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(A) One and five-tenths percent (1.5%) for the extension of district assessments by the county assessor or county clerk;
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(B) One and five-tenths percent (1.5%) for the collection of district assessments by the county collector; and
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(C) One-eighth of one percent (0.125%) for services of a county treasurer in disbursing the moneys collected for district assessments; and
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(2) Adopt rules consistent with this chapter or with other legislation that in its judgment may be necessary for the proper enforcement of this chapter.
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