2011 Indiana Code
TITLE 4. STATE OFFICES AND ADMINISTRATION
ARTICLE 37. STATE MUSEUM AND HISTORIC SITES
CHAPTER 8. INDIANA STATE MUSEUM FOUNDATION

IC 4-37-8
Chapter 8. Indiana State Museum Foundation

IC 4-37-8-1
Foundation authorized
Sec. 1. The board may establish a nonprofit subsidiary corporation, to be known as the Indiana state museum foundation, that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code to solicit and accept private funding, gifts, donations, bequests, devises, and contributions.
As added by P.L.167-2011, SEC.1.

IC 4-37-8-2
Use of money
Sec. 2. The foundation:
(1) shall use money received under section 1 of this chapter to carry out in any manner the purposes and programs under this article; and
(2) may deposit money received under section 1 of this chapter in an account or fund that is:
(A) administered by the foundation; and
(B) not part of the state treasury.
As added by P.L.167-2011, SEC.1.

IC 4-37-8-3
Goverance of foundation
Sec. 3. The foundation is governed by a board of directors. The directors are the members of the board.
As added by P.L.167-2011, SEC.1.

IC 4-37-8-4
Administrative support
Sec. 4. Employees of the corporation shall provide administrative support for the foundation.
As added by P.L.167-2011, SEC.1.

IC 4-37-8-5
Annual audit
Sec. 5. The state board of accounts shall annually audit the foundation.
As added by P.L.167-2011, SEC.1.