Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Board has power to do all things necessary or convenient to be done for or in connection with the performance of its functions, other than the power to lease the whole or any part of any land or building for the purposes of the Board.
(2) The Board's powers include, but are not limited to, the power to enter into contracts.
Example: A contract of insurance.
(3) Any real or personal property held by the Board is held for and on behalf of the Commonwealth.
(4) Any money received by the Board is received by the Board for and on behalf of the Commonwealth.