Powers of board
Sec. 5. The board of managers may:
(1) accept and use gifts, grants, and contributions from any
public or private source, under terms and conditions which the
board of managers 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 established in section 7 of this
chapter, to any Indiana not-for-profit corporation for the purpose
of promotion and encouragement in the county of conventions,
trade shows, visitors, or special events; and
(7) require financial or other reports from any corporation that
receives funds under this chapter.
As added by Acts 1978, P.L.49, SEC.1.
Last modified: May 28, 2006