Indiana Code 14-20-9-5. Powers of corporation
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Sec. 5. The Indiana state museum and historic sites corporation (IC 4-37-2-1) may do the following:
(2) Expend the money received from the federal government in conformity with this chapter or the federal law making the appropriation.
(1) Receive any appropriations made by the federal government to assist in memorializing the achievements of Wilbur Wright.
Terms Used In Indiana Code 14-20-9-5
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
As added by P.L.1-1995, SEC.13. Amended by P.L.167-2011, SEC.24.