S.C. Code § 51-13-1750
The Authority may, without regard to the laws and procedures applicable to state agencies, procure supplies, services and property and make contracts and expend in furtherance of this act funds donated or funds received and may, within the limits of statutory authority, exercise those powers that are necessary to enable it to carry out efficiently and in the public interest the purposes of this act.
The Authority shall have the power to procure and purchase books, documents, transcripts of documents, or other historic or cultural materials, paintings, works of art or any artistic objects of historic or cultural interest; to collect and preserve objects of interest pertaining to natural or cultural history of the Village of Old Jacksonborough, Colleton County, or the State of South Carolina and other like property; to arrange and catalogue them; to provide for their restoration when necessary; to provide for public display, examination and use in the furtherance of the cultural life of the Village of Old Jacksonborough, Colleton County, and the State; to purchase or lease property or buildings necessary to establish and conduct a museum of cultural history and natural science, an historic restoration of the Village of Old Jacksonborough, or an historic site or restoration at any other of the sites set forth herein; to mortgage or pledge its real or personal property, and to receive funds, grants, donations and appropriations for the purpose of establishing and operating historic restorations, historic sites, or a museum of history and natural science. The Authority shall have full power to operate, maintain and expand any restoration or museum so far as its funds allow. The Authority may enter into agreements, leases, working arrangements with other museums, art centers or eleemosynary corporations or with state or federal departments or agencies in the acquisition of historic sites or historic objects or in the purchase, development and operation of historic or cultural properties, pageants or dramas for the historical, cultural, or economic development of the Village of Old Jacksonborough, Colleton County, and the State of South Carolina.
S.C. Code § 51-13-1750