Sec. 1. As used in this chapter, “eligible entity” means any of the following: (1) A nonprofit sports commission, including the Indiana Sports Corporation. (2) Destination management organizations. (3) A state educational institution (as defined in IC 21-7-13-32) or a nonprofit college or university that operates in Indiana. (4) A local organizing committee acting on […]
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 […]
Sec. 11. Grant money distributed from the fund to the Indiana Sports Corporation under this chapter may be expended by the Indiana Sports Corporation, or another eligible entity that has received a grant from the Indiana Sports Corporation, only for the following purposes: (1) To pay or reimburse the costs of applying or bidding for […]
Sec. 2. As used in this chapter, “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. The term includes: (1) sporting events; (2) trade shows; (3) conventions; and […]
Sec. 3. As used in this chapter, “event support contract” means a joinder undertaking, a joinder agreement, or a similar contract executed by: (1) one (1) or more eligible entities; and (2) a site selection organization. As added by P.L.58-2022, SEC.1.
Sec. 4. As used in this chapter, “fund” refers to the statewide sports and tourism bid fund established by section 8 of this chapter. As added by P.L.58-2022, SEC.1.
Sec. 5. As used in this chapter, “joinder agreement” means an agreement entered into by: (1) one (1) or more eligible entities; and (2) a site selection organization; that sets out representations and assurances by each eligible entity in connection with the selection of a site in Indiana for the location of an event. As […]
Sec. 6. As used in this chapter, “joinder undertaking” means an agreement entered into by: (1) one (1) or more eligible entities; and (2) a site selection organization; that each eligible entity will execute a joinder agreement in the event that the site selection organization selects a site in Indiana for the location of an […]
Sec. 7. As used in this chapter, “site selection organization” means an entity that conducts or considers conducting an event in Indiana. As added by P.L.58-2022, SEC.1.
Sec. 8. (a) The statewide sports and tourism bid fund is established for the purpose of distributing funds in the form of a grant to the Indiana Sports Corporation to be used by the Indiana Sports Corporation: (1) to organize and hold events; and (2) to make grants to other eligible entities for the purpose […]
Sec. 9. (a) The Indiana Sports Corporation shall manage the money received from the fund under section 8 of this chapter in accordance with the general laws of the state relating to the handling of public funds. (b) The handling and expenditure of funds coming into the possession of the Indiana Sports Corporation is subject […]
