Section 5.7 - Administration, specific authorizations(a) The Commandant may delegate any authority vested in him or her by the Auxiliary Act or by this part to personnel of the Coast Guard and members of the Auxiliary in the manner and to the extent as the Commandant deems necessary or appropriate for the functioning, organization, and internal administration of the Auxiliary.(b) The Commandant has authorized Auxiliary Unit Leaders to take the following actions in furtherance of the authorized missions of the Auxiliary. This is not an exclusive list- (1) Acquire, own, hold, use, and dispose of vessels, aircraft, motorized vehicles, trailers, radio stations, electronic equipment and other items of tangible, personal property;(2) Accept ownership, custody, or use of vessels, boats, aircraft, radio stations, motorized vehicles, trailers, electronic equipment, and other tangible property from the Coast Guard, from other Federal, State, or municipal agencies, or from private or non-profit groups;(3) Create and manage bank accounts, monies, stocks, bonds, and other financial instruments;(4) Accept and use gifts, grants, legacies, and bequests;(5) Accept funds, materials, services, and the use of facilities from public and private entities and Federal, State, or municipal agencies;(6) Enter into licenses, leases, contracts, memoranda of agreement, or understanding, and other agreements; and(7) Enter into cooperative agreements and grant agreements with the Coast Guard and other Federal, State, or municipal agencies.(c) The national board of the Auxiliary may form a corporation under State law and Coast Guard policy to manage the Auxiliary's fiscal affairs. The national corporation may- (1) Hold copyrights, trademarks, and titles to Auxiliary property;(2) Contract with the Coast Guard and other Federal, State, and municipal agencies to procure such goods and services;(3) Receive grants, gifts, and other items on behalf of the Auxiliary; and(4) Conduct other activities as may be authorized by the Commandant.(d) An Auxiliary district or region may form a corporation under State law and Coast Guard policy.