Indiana Statutes
§ 14-13-1-41 — White River state park foundation
(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 p
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Legislative History
As added by P.L.51-2012, SEC.1. Amended by P.L.13-2013,
SEC.49; P.L.181-2015, SEC.35.
Nearby Sections
15
§ 14-10-1-1
Establishment and members of commission§ 14-10-1-2
Filling of vacancies of ex officio members§ 14-10-1-3
Citizen members§ 14-10-1-4
Per diem compensation and traveling expenses§ 14-10-1-5
Officers§ 14-10-1-6
Quorum§ 14-10-1-7
Meetings§ 14-10-2-1
Powers of commission§ 14-10-2-2
Repealed§ 14-10-2-2.5
Consolidated proceedings§ 14-10-2-3
Repealed§ 14-10-2-4
Adoption of rules§ 14-10-2-5
Rules§ 14-10-2-6
Notices of violation