The Department of Commerce shall have the power, and its duty shall be:
With the approval of the Governor, the department is authorized to enter into mutually satisfactory contracts or agreements with any person, firm, institution or corporation as well as any State or Federal agency which the department deems wise, necessary and expedient in carrying out its objectives, but the department, in so far as it is practicable, shall make such contracts or agreements with persons, associations and institutions located within the Commonwealth of Pennsylvania. The department may, subject to the approval of the Governor, make grants to public and private scientific schools, institutions and associations which have the necessary existing research laboratory facilities for the accomplishment of its powers and, to this end, it may use any matching or donated funds available from the Federal Government, private or philanthropic concerns, associations and institutions.
The Commonwealth, through the department, shall have the right to accept and receive gifts, contributions, bequests and devises of real or personal property made by any person for the above purposes, which shall be designated as being for the use of the School of Mineral Industries of Pennsylvania State University to be expended by it under the supervision of the department.
71 P.S. § 669