Sec. 17. At the request of the public transportation system serving the territory of the authority, the authority may:
(1) construct or acquire any public transportation facility for use by the authority or any transportation agency; and
(2) acquire transportation facilities from any transportation agency, including:
(A) reserve funds;
(B) employees' pension or retirement funds;
(C) special funds;
(D) franchises;
(E) licenses;
(F) patents;
(G) permits; and
(H) papers and records of the agency.
In making acquisitions from a transportation agency, the authority may assume the obligations of the agency regarding its property or public transportation operations.