§ 5-33-6.5-11 — Distribution of grants; uses

Indiana § 5-33-6.5-11

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 33: INDIANA DESTINATION DEVELOPMENT
• Ch. 6.5: Statewide Sports and Tourism Bid Fund

Text

Grant money distributed from the fund to
the Indiana Sports Corporation under this chapter may be expended by
the Indiana Sports Corporation, or another eligible entity that has
received a grant from the Indiana Sports Corporation, only for the
following purposes:
(1) To pay or reimburse the costs of applying or bidding for
selection as the site of the event.
(2) To pay or reimburse the costs of planning for or conducting
the event, including any of the following:
(A) Fees that are charged by a site selection organization and
that must be paid as a prerequisite to holding the event,
including hosting fees, sanctioning fees, participation fees, or
bid fees.
(B) Costs for performance bonds or insurance required for
hosting the event.
(C) Public safety expenses or security related expenses related
to the event.
(D) Advertising expenses for advertising the event and its
locations.
(E) Administrative costs and facility use costs.
(F) Costs for preparation of an economic impact analysis for the
event.
(G) Costs of transportation or parking services for the event that
exceed the revenues earned from providing the transportation
or parking for the event.
(H) Other costs specified in the event support contract as
necessary for the hosting of the event.
(3) To pay or reimburse the costs of improving, constructing,
renovating, or acquiring facilities that are directly associated with
or attributable to fulfilling obligations of the event support
contract.
(4) To pay or reimburse the costs incurred for the eligible entity
to acquire an ownership interest in the event, if applicable.

Legislative History

As added by P.L.58-2022, SEC.1.