IN SB0273

Indiana Kids First Trust Fund Board may establish a 501(c)(3) nonprofit subsidiary corporation to solicit and accept private funding, gifts, donations, bequests, devises, and contributions

Subsidiary corporation must use funds to carry out board purposes including programs to reduce infant mortality, increase childhood immunizations, and reduce child abuse and neglect

Subsidiary corporation must report annually to the budget committee on money received and account balances, and may donate funds to the Indiana Kids First Trust Fund or maintain separate accounts outside the state treasury

Board of directors for the subsidiary corporation will be appointed by the Kids First Trust Fund Board, and board employees may serve as directors and engage in fundraising activities

State Board of Accounts shall annually audit the subsidiary corporation; effective date July 1, 2019