22.1(4)A stewardship board shall have the functions, duties, powers, objects and purposes established in subsection (1) and in the regulations, and shall make arrangements and enter into agreements and contracts, raise revenues, charge fees and finance its undertakings, deal with property, engage and pay personnel, establish its rules of procedure for meetings and the conduct of its business and affairs, manage a designated material and otherwise be established and act in accordance with the regulations.