Purpose of Foundation

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Sec. 9. (a) The exclusive purpose of the foundation is to acquire real and personal property to be donated under subsection (b).

(b) The foundation may donate real and personal property to the following:

(1) The department, subject to subsection (c).

(2) Any unit of local government.

(c) The foundation must have the approval of the director to donate real or personal property to the state.

[Pre-1995 Recodification Citations: 14-3-17-8; 14-3-17-15.]

As added by P.L.1-1995, SEC.5.


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