Sec. 10. (a) An event is eligible for funding from the money received by the Indiana Sports Corporation from the fund if:

(1) a site selection organization selects for the event a site that is located in Indiana, after considering, through a highly competitive selection process, one (1) or more sites that are not located in Indiana;

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Terms Used In Indiana Code 5-33-6.5-10

  • 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.
  • eligible entity: means any of the following:

    Indiana Code 5-33-6.5-1

  • event: means an event that is held in Indiana for which an eligible entity seeks approval from a site selection organization to hold the event or the related series of events at a site in Indiana. See Indiana Code 5-33-6.5-2
  • fund: refers to the statewide sports and tourism bid fund established by section 8 of this chapter. See Indiana Code 5-33-6.5-4
  • site selection organization: means an entity that conducts or considers conducting an event in Indiana. See Indiana Code 5-33-6.5-7
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) the site selection organization selects the site in Indiana as:

(A) the sole site for the event; or

(B) the sole site for the event in a region composed of Indiana and one (1) or more states; and

(3) the event is held not more than one (1) time in Indiana or another state in any year.

     (b) An eligible entity other than the Indiana Sports Corporation may apply to the Indiana Sports Corporation for a grant from the money received by the Indiana Sports Corporation from the fund to be used by the eligible entity for the purpose of organizing and holding an event in Indiana that is eligible for funding under subsection (a).

     (c) The Indiana Sports Corporation may award grants to other eligible entities that apply under subsection (b) and shall ensure the success of the grant funded event.

As added by P.L.58-2022, SEC.1.

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