Indiana Code
Chapter 17.5. Motorsports Investment District
5-1-17.5-17. Powers of the Commission

Sec. 17. The commission is authorized and empowered to do the following:
(1) To sue and be sued, and to plead and be impleaded in the name of the commission.
(2) To receive and accept from any federal agency grants and to receive and accept aid or contributions from any source of money, property, labor, or other things of value, to be held, used, and applied only for the purposes for which such grants and contributions may be made.
(3) To hold, use, administer, and expend such sum or sums as may at any time be appropriated or transferred to the commission.
(4) To purchase, acquire, or hold debt securities or other investments for the commission's own account at prices and in a manner the commission considers advisable, and to sell or otherwise dispose of those securities or investments at prices without relation to cost and in a manner the commission considers advisable.
(5) To lease real or personal property as lessor or lessee from or to the authority or any person under this chapter.
(6) To do all acts and things necessary or proper to carry out the powers expressly granted in this chapter.
As added by P.L.233-2013, SEC.5.

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