Indiana § 16-19-3-30 Establishment of nonprofit subsidiary corporation

Indiana Statutes

§ 16-19-3-30 — Establishment of nonprofit subsidiary corporation

Indiana·Title 16 HEALTH·Art. 19 STATE DEPARTMENT OF HEALTH·Ch. 3 Powers and Duties of State Department of Health and

(a)The state department 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 of the state department, which may include programs intended to reduce infant mortality, increase childhood immunizations, reduce obesity, and reduce smoking rates;

(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;

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(a) The state department 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 of the state department,
which may include programs intended to reduce infant mortality,
increase childhood immunizations, reduce obesity, and reduce
smoking rates;
(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 members appointed by
the governor. Employees of the state department may serve on the
board of directors.
(d) Employees of the state department shall provide administrative
support for a subsidiary corporation established under this section.
Employees of the state department directly involved in the subsidiary
corporation established under this section may engage in fundraising
activities on behalf of the subsidiary corporation.
(e) The state board of accounts shall audit a subsidiary corporation
established under this section.

Indiana § 16-19-3-30 (Establishment of nonprofit subsidiary corporation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.