2013 Indiana Code TITLE 4. STATE OFFICES AND ADMINISTRATION ARTICLE 37. STATE MUSEUM AND HISTORIC SITES CHAPTER 8. INDIANA STATE MUSEUM FOUNDATION
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IC 4-37-8
Chapter 8. Indiana State Museum Foundation
IC 4-37-8-1
Foundation authorized
Sec. 1. The board may designate, by adopting a resolution, an
existing nonprofit corporation or establish a nonprofit subsidiary
corporation, known as or 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. Amended by P.L.166-2013,
SEC.5.
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
Governance 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 foundation is subject to an annual compliance audit by
the state board of accounts.
As added by P.L.167-2011, SEC.1. Amended by P.L.166-2013,
SEC.6.
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