(1) initiate, direct, and coordinate projects that further the understanding of African American history and culture;

(2) receive and administer any available federal, State, or private money to plan and execute projects or educational activities that further the understanding of African American history and culture;

(3) operate the Banneker-Douglass Museum in Annapolis to house and display photographs, objects, oral history tapes, artifacts, and other materials of African American historic and cultural significance;

(4) locate, preserve, and disseminate to the public information about significant buildings and sites relating to African American history and culture; and

(5) publish an annual report and any other material that the Commission considers necessary.

(b) The Commission may provide operational funding to a museum that specializes in African American history and culture.