Powers of commission
Sec. 3. (a) 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 clause (6) of this
section;
(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 Indiana nonprofit corporation for the purpose of
promotion and encouragement in the county of conventions,
trade shows, visitors, or special events, including any related
activity authorized by ordinance adopted by the county
legislative body, such as the acquisition, construction,
improvement, maintenance, financing, or refinancing of land,
facilities, capital improvements, or equipment for conventions,
trade shows, visitors, or special events; and
(7) require financial or other reports from any corporation that
receives funds under this chapter.
(b) A majority of the members of the commission shall constitute
a quorum for the transaction of business, and the concurrence of a
majority of the members of the commission shall be necessary to
authorize any action.
As added by Acts 1981, P.L.102, SEC.1. Amended by P.L.69-1997,
SEC.2.
Last modified: May 28, 2006