Indiana Statutes
§ 15-13-3-11 — State fair subsidiary corporation
(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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Legislative History
As added by P.L.20-2011, SEC.2. Amended by P.L.6-2012,
SEC.108; P.L.181-2015, SEC.38.
Nearby Sections
15
§ 15-10-1-1
"Prior law"§ 15-10-1-2
Purpose of recodification§ 15-10-1-3
Statutory construction of recodification§ 15-10-1-4
Effect of recodification§ 15-10-1-5
Recodification of prior law§ 15-10-1-6
References to repealed statutes§ 15-10-1-7
References to citations§ 15-10-1-8
References to prior rules§ 15-10-1-9
References to prior law§ 15-11-1-1
Application of definitions§ 15-11-1-2
"Department"§ 15-11-1-3
"Director"§ 15-11-1-4
"Division"§ 15-11-1-5
"Secretary"§ 15-11-12-1
"Commission"