The Authority shall possess and exercise all the powers of a corporation pursuant to KRS Chapter 58 and Chapter 273, including but not limited to the following:
(A) Possess all necessary powers to apply for and accept grants, contributions and donations from the federal, state or local governments, corporations, or individuals;
(B) Possess all necessary powers to operate, maintain and develop surplus military facilities as privatized facilities and to lease said surplus facilities as privatized facilities, commercial business or industrial development.