Indiana Statutes

§ 8-25-7-3 — Establishment of foundation; purposes

Indiana·Art. 25 CENTRAL INDIANA PUBLIC·Ch. 7 Public Transportation Foundation in Marion County
The board shall establish a foundation that is organized as a nonprofit 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 to meet the requirements of IC 8-25-3-6(a).

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Legislative History

As added by P.L.153-2014, SEC.17.

Nearby Sections

15
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