Powers
Sec. 3. The commission may:
(1) accept and use gifts, grants, and contributions from any
public or private source, under terms and conditions which the
commission deems necessary and desirable;
(2) sue and be sued;
(3) enter into contracts and agreements;
(4) make rules and regulations necessary for the conduct of its
business and the accomplishment of its purposes;
(5) receive and approve, alter, or reject requests and proposals
for funding by corporations qualified under subdivision (6);
(6) after its approval of a proposal, transfer money, quarterly or
less frequently, from the fund required by section 7 of this
chapter, to any not-for-profit corporation, for the purpose of
promotion and encouragement in the county of convention and
visitation development; and
(7) require financial or other reports from any corporation that
receives funds under this chapter.
A majority of the commission shall constitute a quorum for the
transaction of business, and the concurrence of a majority of the
commission shall be necessary to authorize any action.
As added by Acts 1981, P.L.100, SEC.1. Amended by P.L.62-1990,
SEC.4.
Last modified: May 28, 2006