Powers and duties 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 not-for-profit corporations or political
subdivisions; and
(6) after its approval of a proposal, transfer money, quarterly or
less frequently, from any funds available under section 7 of this
chapter for the purpose of promotion and encouragement in the
county of conventions, trade shows, visitors, or special events,
and for the financing of facilities to be used by the commission
for those purposes.
(b) The commission and the county jointly, by resolution of the
commission and ordinance of the county council, may:
(1) mortgage, pledge, or lease property owned by the county for
the purposes of this chapter;
(2) pledge tax revenues received under this chapter to finance
facilities to be used by the commission or by the not-for-profit
corporation with which it contracts to transfer funds, for the
purposes set forth in subsection (a)(6); and
(3) require financial or other reports from any corporation that
receives funds under this chapter.
(c) The commission may pledge tax revenues received under this
chapter to finance facilities to be used by the commission or by the
not-for-profit corporation with which it contracts to transfer funds, for
the purposes set forth in subsection (a)(6).
(d) A majority of the commission shall constitute a quorum for the
transaction of business, and the concurrence of a majority of those
present shall be necessary to authorize any action.
As added by Acts 1977, P.L.92, SEC.3. Amended by P.L.75-1988,
SEC.1.
Last modified: May 28, 2006