Sec. 41. (a) The commission may establish a nonprofit subsidiary corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code, to solicit and accept private funding, gifts, donations, bequests, devises, and contributions.
(b) A subsidiary corporation established under this section:
(1) shall use money received under subsection (a) to carry out in any manner the purposes of and programs under this chapter;
(2) shall report to the budget committee each year concerning:
(A) the use of money received under subsection (a); and
(B) the balances in any accounts or funds established by the subsidiary corporation; and
(3) may deposit money received under subsection (a) in an account or fund that is:
(A) administered by the subsidiary corporation; and
(B) not part of the state treasury.
(c) A subsidiary corporation established under this section shall be governed by a board of directors comprised of:
(1) the members of the commission appointed under section 6 of this chapter; and
(2) any other directors that the members of the commission appoint.
(d) Employees of the commission shall provide administrative support for a subsidiary corporation established under this section.
(e) The state board of accounts shall audit a subsidiary corporation established under this section.
As added by P.L.51-2012, SEC.1. Amended by P.L.13-2013, SEC.49; P.L.181-2015, SEC.35.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 13. Local Resource Development
Chapter 1. Indiana White River State Park Development Commission
14-13-1-0.3. Continuation of Commission
14-13-1-3. Purposes of Chapter
14-13-1-4. Liberal Construction
14-13-1-5. Creation of Commission
14-13-1-7. Term of Voting Members
14-13-1-8. Political Party Affiliation of Voting Members
14-13-1-9. Legislative Members
14-13-1-10. Eligibility for Reappointment
14-13-1-11. Chairman; Treasurer
14-13-1-13. Per Diem Compensation and Traveling Expenses
14-13-1-14. Executive Director
14-13-1-15. Park Project Development Plan
14-13-1-16. Acquisition of Property by Purchase or Lease
14-13-1-17. Eminent Domain Powers
14-13-1-18. Acquisition of Property From Political Subdivisions or Public Entities
14-13-1-19. Property Improvements
14-13-1-20. Conveyance of Property to Political Subdivisions or Public Entities
14-13-1-21. Management of Park Projects
14-13-1-28. General Powers of Commission
14-13-1-30. Revenue Bonds; Issuance
14-13-1-31. Revenue Bonds; Not Debt of State or Subdivision; Payable Solely From Money Pledged
14-13-1-32. Revenue Bonds; Redemption; Negotiability
14-13-1-33. Revenue Bonds; Requirements
14-13-1-34. Revenue Bonds; Authority to Issue
14-13-1-35. Revenue Bonds; Legal Investments
14-13-1-36. Revenue Bonds; Refunding Bonds
14-13-1-39. Applicability of Ic 8-23-17
14-13-1-40. Consideration of Racial Minorities