to investigate matters relating the role, performance and continuing relevance of state instrumentalities and independent public bodies.
[a] to inquire into, consider and report on any statutory authority referred to it under this Act, including?

1. the need for the authority to continue in existence;
   
2. the functions of the authority and the need for the authority to continue to perform those functions;
   
3. the net effect of the authority and its operations on the finances of the State;
   
4. whether the authority and its operations provide the most effective, efficient and economical means for achieving the purposes for which the authority was established;
   
5. whether the structure of the authority is appropriate to its functions;
   
6. whether the functions or operations of the statutory authority duplicate or overlap in any respect the functions or operations of another authority, body or person;
   

[b] to perform such other functions as are imposed on the Committee under this or any other Act or by resolution of both Houses.