Marvin Mandel, Governor                           959

(l) (12) To make loans to any participating institution for higher
education or hospital for the construction of a project in accordance
with an agreement between the corporation and the participating
institution for higher education or hospital; provided that no such
loan shall exceed the total cost of construction and equipment of the
project as determined by the participating institution for higher
education or hospital and approved by the Authority.;

(m) (13) To make loans to a participating institution for higher
education or hospitals to refund outstanding bonds, mortgages or
advances issued, made or given by such participating institutions
for higher education or hospital for the construction of a project;

(n) (14) To charge to and equitably apportion between par-
ticipating institutions for higher education and hospitals its adminis-
trative costs and expenses incurred in the exercise of the powers and
duties conferred by this Act;

(o) (15) To accept any gifts or grants or loans of funds or prop-
erty or financial or other aid in any form from the Federal govern-
ment or any agency or instrumentality thereof or from the State or
any agency or instrumentality thereof or from any other source, PRO-
VIDED THAT NO HOSPITAL MAY USE ANY MONIES RE-
CEIVED AS A RESULT OF BONDS, NOTES, OR OTHER OBLI-
GATIONS ISSUED BY THE AUTHORITY TO MATCH FUNDS
REQUIRED BY ANY STATE LOANS OR GRANTS AVAILABLE
FOR HOSPITAL CONSTRUCTION, EXPANSION, OR RENOVA-
TION, and to comply, subject to the provisions of this Act, with the
terms and conditions thereof;

(p) (16) Do all Acts and things necessary or convenient to carry
out the powers expressly granted in this title, provided, however, that
in all matters concerning the internal administrative functions of
the Authority the purchasing procedures of the State relating to
office space, supplies, facilities, materials, equipment, and professional
services shall be followed.

(2) (B) In carrying out the purposes of this Act, the Authority
may undertake a project for two or more participating institutions
for higher education jointly or two or more participating hospitals
jointly, or for any combination thereof, and, thereupon, all other
provisions of this Act shall apply to and for the benefit of the Au-
thority and such joint participants.

6.    Payment of Expenses.

All expenses incurred in carrying out the provisions of this Act
shall be payable solely from funds provided under the authority of
this Act and no liability or obligation shall be incurred by the Au-
thority hereunder beyond, the extent to which monies shall have been
provided under the provisions of its THIS Act.

7.    Acquisition of Property.

The Authority is authorized and empowered, directly or by and
through a participating institution for higher education or a partici-
pating hospital, as its agent, to acquire by purchase or by gift or devise
such lands, structures, property, real or personal, rights, rights-of-
way, franchises, easements and other interests in lands, including