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Any other information required by the authority. Sixteenth section lands or lieu lands acquired under this act shall be deemed to be acquired for the purposes of industrial development thereon and such acquisition will serve a higher public interest in accordance with the purposes of this act. The authority, in addition to any and all powers now or hereafter granted to it, is empowered and shall exercise discretion and the use of these powers depending on the circumstances of the project or projects:. The authority may provide in the instrument conveying such property a provision that such property shall revert to the authority if, as and when the property is declared by the transferee to be no longer needed. A cost-benefit analysis of the project performed by a state institution of higher learning or other entity selected by the authority; and. Such rules may be enforced within the project area and without the project area as necessary to protect the structure and operation of the project. The applicable minimum requirements of this chapter and such other requirements as the authority considers proper shall be met; and.

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