The Coordinating Board shall perform the following functions:
(a) Serve as the Continuum of Care governing body in accordance with applicable U.S. Department of Housing and Urban Development ("HUD") rules and regulations, including but not limited to 24 CFR Part 578 et seq., as amended. The Board shall adopt, and all members shall abide by, a written conflict of interest policy that complies with 24 CFR Part 578.95(b), as amended.
(b) Advise the Department of Homelessness and Supportive Housing on homeless policy and budget allocations.