Subject to the approval of the Secretary, the Board has the following powers and duties:

            (1)      To adopt reasonable regulations to effectuate the provisions of this subtitle;

            (2)      To enter into contracts and agreements;

            (3)      To engage services;

            (4)      To request and obtain from any department, division, board, bureau, commission or other agency or unit of the State, assistance and data to enable it to carry out its powers and duties under this subtitle;

            (5)      To accept any federal funds granted by an act of Congress or by executive order for any of the purposes of this subtitle;

            (6)      To accept any gifts, donations, or bequests for any of the purposes of this subtitle; and

            (7)      Subject to the provisions of § 4-208 of this subtitle, to generate revenue through sales of goods and services relating to tourism.