Section 8. Powers and Duties of Commission.--The commission shall have the following powers and duties:
(1) To decide upon the establishment, continuance and discontinuance of college centers;
(2) To determine the extent and number of active areas;
(3) To establish general standards and policies applicable to all active college centers and areas with reference to their organization and administration;
(4) To approve or disapprove the actions of any area executive committee, particularly with reference to contracts made;
(5) To allocate funds appropriated to active areas upon recommendation of area executive committees with the approval of the Superintendent of Public Instruction;
(6) To make and from time to time amend and repeal resolutions and rules, not inconsistent with this act, in order better to carry into effect the powers of the commission;
(7) To advise the State Coordinator, hereinafter provided for.