(3) Apply for, solicit, receive, establish priorities
for, allocate, disburse, contract or grant for, administer
and expend money in the fund and other money made available
to the authority from any other source consistent with the
purposes of this act. The authority shall be exempt from the
provisions of 62 Pa.C.S. Pts. I (relating to Commonwealth
Procurement Code) and II (relating to general procurement
provisions).
(4) Apply for, accept and administer grants and loans to
carry out the purposes of the authority.
(5) Accept money from both public and private sources,
consistent with Federal and State law.
(6) Take, hold, administer, assign, lend, encumber,
mortgage, invest or otherwise dispose of, at public or
private sale, on behalf of the authority and for any of the
authority's purposes, real property, personal property and
money or any interest therein, including any mortgage or loan
interest owned by the authority or under its control or in
its possession and the income therefrom either absolutely or
in trust. The following apply:
(i) The board may acquire property or money for this
purpose by purchase or lease and by the acceptance of
gifts, grants, bequests, devises or loans, but no
obligation of the authority shall be a debt of the
Commonwealth, and the authority shall have no power to
pledge the credit or taxing power of the Commonwealth nor
to make its debts payable out of any money except those
of the corporation. This subparagraph is not intended to
mean that the board may acquire rural hospitals or
participant rural hospitals.
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