Title 10, Chapter 9, Section 12
( 10-9-12)
The authority, in addition to the moneys received from the
collection of revenues, rents, and earnings derived under the
provisions of this chapter or from the Department of Industry,
Trade, and Tourism, shall have authority to accept from any entity
or agency of the United States, of this state, or of any county,
municipality, political subdivision, or public authority and from
any private individual or entity, grants, contributions, or gifts of
either money or property, real or personal, tangible or intangible,
or services or other things of value, in the furtherance of the
purposes and powers of the authority. Incident to the acceptance of
any such grant, contribution, or gift, the authority may accept and
bind itself to express terms and conditions imposed incident to the
grant, contribution, or gift governing the use and application of
the money or property or the use of disposition of any property
acquired therewith, provided that such term or condition is
expressly accepted by the authority, is consistent with the purposes
and powers of the authority under this chapter, and is not
inconsistent with the Constitution or laws of this state. Any such
term or condition may require the authority to hold any money or
property in trust separate from other money or property of the
authority and any such money or property so held shall not be
subject to any claims against or liability of the authority not
arising from the use or application of the money or property so held
or the operation of the property so held or acquired therewith. |