Section 12-3-272. Acceptance by authority of grants and contributions

   The authority, in addition to the moneys which may be received from the sale of revenue bonds and from the collection of revenues, rents, and earnings derived under this part, is authorized to accept from any federal agency grants for or in aid of the construction of any project or for the payment of bonds and to receive and accept contributions from any source of either money or property or other things of value to be held, used, and applied only for the purposes for which such grants or contributions may be made.

Ga. L. 1950, p. 152, § 15; Ga. L. 1960, p. 89, § 1.