The Authority shall also have power to act as agent for the Commonwealth, when requested by the Governor, in the acquisition, construction, improvement, equipping, furnishing or maintenance of any project now or hereafter specifically itemized in a capital budget, including the acquisition by purchase, or pursuant to the power of eminent domain conferred by this act, in the name of and on behalf of the Commonwealth of Pennsylvania of any property, real, personal, or mixed deemed necessary or advisable in connection with any project in which it acts as agent for the Commonwealth, provided, however, the powers herein granted shall not cover any project upon which any proceeds of any bonds issued by the Authority have been or may hereafter be expended.
It shall not be necessary for the Authority to lease to the Commonwealth any such projects in which it has so acted as agent nor to hold title to such projects or properties.
71 P.S. § 1707.4b