§ 23-17-14-27

For the purposes of exercising the specific powers granted in this chapter and effectuating the other purposes of this chapter, the foundation: (1) May be sued and sue; (2) May have a seal and alter it at will; (3) May make, amend, and repeal rules relating to the conduct of the business of the foundation; (4) May enter into contracts relating to the administration of the foundation; (5) May rent, lease, buy or sell property in its own name and may construct or repair buildings necessary to provide space for its operations; (6) May hire personnel, consultants and experts and set salaries; and (7) May perform all other functions and exercise all other powers that are necessary, appropriate or convenient to administer the foundation. History of Section.P.L. 1997, ch. 372, § 1.