Powers of commission

# (1)

accept and use gifts, grants, and contributions from any public or private source, under terms and conditions that the commission considers necessary and desirable;

# (2)

sue and be sued;

# (3)

enter into contracts and agreements;

# (4)

make rules 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 established under section 4 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 in the county;

# (7)

require financial or other reports from any corporation that receives funds under this chapter.

(b) A majority of the commission constitutes a quorum for the transaction of business, and the concurrence of a majority of the commission is necessary to authorize any action.

(c) All expenses of the commission shall be paid from the fund established under section 4 of this chapter.
As added by Acts 1982, P.L.68, SEC.1.