(1) Utah State University has general control and supervision of the state power plant in Logan Canyon.
(2) In addition to any other powers the institution has, Utah State University may form nonprofit corporations or foundations controlled by the president of the university and the board to aid and assist the university in attaining the university's charitable, scientific, literary, research, and educational objectives.
(3) The nonprofit corporations or foundations may receive and administer legislative appropriations, government grants, contracts, and private gifts to carry out the nonprofit corporation or foundation's public purposes.