1. (a) As used in this section, "fiscal body" has the meaning set forth in IC 36-1-2-6 .

2. (b) The fiscal body of a city or county maintaining a world war memorial under this chapter may by ordinance authorize the sale or donation of the world war memorial to an organization that is exempt from federal income taxation under Section 501(c)(3) or 501(c)(19) of the Internal Revenue Code. An organization that acquires a world war memorial under this section shall continue to operate and maintain the property as a world war memorial. Ownership of the world war memorial reverts to the city or county if the acquiring organization:

   1. (1) determines that it is unable to continue operating the property as a world war memorial; or
   2. (2) is dissolved or otherwise ceases to exist.
3. (c) In the case of a world war memorial jointly maintained by a city and a county, the city and county may authorize the sale or donation of the world war memorial under this section through ordinances adopted by the fiscal bodies of the city and county authorizing an interlocal agreement.

As added by P.L.6-2017, SEC.1.