IN SB0362

Authorizes the White River State Park Commission to establish a 501(c)(3) nonprofit subsidiary corporation to solicit and accept private funding, gifts, donations, bequests, devises, and contributions

Requires the subsidiary corporation to use all received funds to carry out the purposes and programs of the White River State Park Commission

Mandates annual reporting to the budget committee on the use of money received and account balances, with funds allowed to be deposited outside the state treasury

Establishes governance by a board of directors composed of commission members appointed under existing law plus any additional directors the commission appoints

Requires the State Board of Accounts to conduct annual audits of the subsidiary corporation, with commission employees providing administrative support