Indiana § 15-13-3-11 State fair subsidiary corporation

Indiana Statutes

§ 15-13-3-11 — State fair subsidiary corporation

Indiana § 15-13-3-11

Art. 13STATE FAIR

Ch. 3Powers and Duties of the Commission

This text of Indiana § 15-13-3-11 (State fair subsidiary corporation) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 15-13-3-11 (2026).

Text

(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 and programs under this article;

(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

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(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 and programs under this article;
(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 is
governed by a board of directors comprised of the members of the
commission.
(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.