(1)The Authority may do anything that it considers appropriate for the purposes of, or in connection with, the carrying out of its functions.
(2)The Authority may in particular—
(a)enter into contracts,
(b)borrow money,
(c)acquire and dispose of land and other property,
(d)with the authorisation of the Scottish Ministers, purchase compulsorily land, and
(e)form or promote (whether alone or with another) companies under the Companies Act 2006 (c.46).
(3)The Authority may not exercise the power in subsection (2)(b)or (e) without the consent of the Scottish Ministers.
(4)Such consent may be given—
(a)with respect to a particular case or a particular class of case,
(b)subject to such conditions as the Scottish Ministers consider appropriate.
(5)The power in subsection (2)(c) includes power to accept, on such terms and conditions as the Authority considers appropriate—
(a)gifts of money, and
(b)gifts or loans of other property.
(6)The powers in subsection (2)(c) and (d) to acquire and purchase land include power to acquire a servitude or other right in or over land by the creation of a new right.
(7)The Acquisition of Land (Authorisation Procedure) (Scotland) Act 1947 (c.42) applies in relation to the compulsory purchase of land under subsection (2)(d) as if—
(a)that provision were contained in an Act in force immediately before the commencement of that Act, and
(b)the Authority were a local authority.