Indiana Code 6-9-56-7. Deposit of money in the convention, visitor, and tourism promotion fund; uses and transfers of money in the fund
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Sec. 7. (a) The county treasurer shall deposit in the convention, visitor, and tourism promotion fund the amount of money received under section 3 of this chapter that is not more than five percent (5%).
(c) The commission may transfer money in the convention, visitor, and tourism promotion fund to any Indiana nonprofit corporation for the purpose of promotion and encouragement in the county of conventions, trade shows, visitors, or special events. The commission may transfer money under this section only after approving the transfer. The commission may transfer money under this subsection on a monthly basis or at another frequency as determined by the commission.
(b) Money in the convention, visitor, and tourism promotion fund shall be expended only as provided in this chapter.
Terms Used In Indiana Code 6-9-56-7
- 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.236-2023, SEC.121.