; (ii) environmental; (iii) cultural heritage; (iv) tourism; and (v) regional agency partners; (C) exercise all corporate powers of the local coordinating entity; (D) manage the activities and affairs of the local coordinating entity; and (E) subject to any limitations in the articles and bylaws of the local coordinating entity, this section, and any other applicable Federal or State law, establish the policies of the local coordinating entity. 5. Management plan (a) In general Not later than 3 years after the date on which funds are first made available to carry out this Act, the local coordinating entity shall develop and submit to the Secretary for approval a management plan for the Heritage Area. (b) Requirements The management plan shall— (1) present comprehensive policies, goals, strategies, and recommendations for— (A) presenting to the citizens of the United States the heritage of the region; and (B) encouraging the long-term resource conservation, enhancement, interpretation, funding, management, and development of the Heritage Area; (2) take into consideration and coordinate Federal, State, and local plans to present a unified historic preservation and interpretation plan; (3) involve residents, public agencies, and private organizations of the Heritage Area; (4) describe actions that units of government, private organizations, and citizens recommend for the conservation, enhancement, interpretation, funding, management, and development of the resources of the Heritage Area; (5) identify— (A) existing and potential sources of Federal and non-Federal funding for the conservation, enhancement, interpretation, funding, management, and development of the resources of the Heritage Area; and (B) economic development strategies for the conservation, enhancement, interpretation, funding, management, and development of the resources of the Heritage Area