The commission may enter into any contracts necessary to the execution of the powers granted to it by this article. It is empowered and directed to encourage, foster, and assist in the development of aeronautics in this state and to encourage the establishment of airports and air navigation facilities. It shall cooperate with and assist the federal government, the municipalities of this state, and other persons in the development of aeronautics and shall act to coordinate the aeronautical activities of these bodies and persons. Municipalities are authorized to cooperate with the commission in the development of aeronautics and aeronautics facilities in this state. The commission is hereby given the power and authority to make such rules, policies, and guidelines as it may deem necessary and advisable for the public safety, governing the designing, laying out, locating, building, equipping and operating of all airports and the conduct of all other phases of aeronautics to effectuate the requirements of this article.

(1) The commission shall keep on file with the Secretary of State, and at the principal office of the commission, a copy of its rules and orders having general effect for public inspection. It shall provide for the publication and general distribution of all its orders, rules, and other information of public interest. Copies of any such orders, rules, and other information shall be made available electronically and provided to any person interested, free of charge, upon request. The publication and distribution of any such order or rule proposed for legislative approval in accordance with the provisions of §29A-3-1 et seq. of this code shall be sufficient notice to the public of the provisions, requirements, and effect thereof.

(2) Except where otherwise prohibited, the commission is authorized to permit the West Virginia Board of Treasury Investments or the West Virginia Investment Management Board to invest, as provided by this code, any funds received by the commission pursuant to the provisions of this code.