Indiana Code 5-33-6-7. Grants
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Terms Used In Indiana Code 5-33-6-7
- 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.
- fund: refers to the tourism information and promotion fund established by section 5 of this chapter. See Indiana Code 5-33-6-1
- promotion: includes the planning and conducting of information and advertising campaigns. See Indiana Code 5-33-6-3
Sec. 7. The corporation may make grants from the fund to tourism groups for the promotion of tourist resources and facilities in Indiana. However, each grant must be matched by funds provided by the applicant, and the corporation may not provide more than one-half (1/2) of the funds for a project. The matching funds required from the applicant may be provided by any source except other state funds.
As added by P.L.78-2019, SEC.5.