(1) consult with engineering authorities and organizations concerned with standard safety codes about:

(i) regulations governing the operation, maintenance, servicing, construction, alteration, installation, and inspection of elevator units; and

(ii) qualifications that are adequate, reasonable, and necessary for elevator mechanics and elevator contractors;

(2) recommend applicable legislation;

(3) adopt bylaws for the conduct of its proceedings; and

(4) adopt regulations to carry out Part III of this subtitle.