(b) Money in the innkeeper's tax fund shall be distributed as follows:

1. (1) Forty percent (40%) shall be distributed to the commission to carry out its purposes, including making any distributions or payments to the Lafayette - West Lafayette Convention and Visitors Bureau, Inc.

2. (2) Ten percent (10%) shall be distributed to a community development corporation that serves a metropolitan area in the county that includes:

   1. (A) Lafayette; and

   2. (B) West Lafayette;

      for the community development corporation's use in tourism, recreation, and economic development activities.

3. (3) Ten percent (10%) shall be distributed to Historic Prophetstown to be used by Historic Prophetstown for carrying out its purposes.
4. (4) Ten percent (10%) shall be distributed to the Wabash River Enhancement Corporation to assist the Wabash River Enhancement Corporation in carrying out its purposes.
5. (5) Ten percent (10%) shall be distributed to the department of natural resources for the development of projects in the state park on the Wabash River, including its tributaries.
6. (6) Twenty percent (20%) shall be distributed as determined by the county fiscal body.

(c) An advisory commission consisting of the following members is established:

1. (1) The director of the department of natural resources or the director's designee.
2. (2) The public finance director or the public finance director's designee.
3. (3) A member appointed by the Native American Indian affairs commission.
4. (4) A member appointed by Historic Prophetstown.
5. (5) A member appointed by the community development corporation described in subsection (b)(2).
6. (6) A member appointed by the Wabash River Enhancement Corporation.
7. (7) A member appointed by the commission.
8. (8) A member appointed by the county fiscal body.
9. (9) A member appointed by the town board of the town of Battleground.
10. (10) A member appointed by the mayor of the city of Lafayette.
11. (11) A member appointed by the mayor of the city of West Lafayette.

(d) The following apply to the advisory commission:

1. (1) The governor shall appoint a member of the advisory commission as chairman of the advisory commission.
2. (2) Six (6) members of the advisory commission constitute a quorum. The affirmative votes of at least six (6) advisory commission members are necessary for the advisory commission to take official action other than to adjourn or to meet to hear reports or testimony.
3. (3) The advisory commission shall make recommendations concerning the use of any proceeds of bonds issued to finance the development of Prophetstown State Park.

4. (4) Members of the advisory commission who are state employees:

   1. (A) are not entitled to any salary per diem; and
   2. (B) are entitled to reimbursement for traveling expenses as provided under IC 4-13-1-4 and to reimbursement for other expenses actually incurred in connection with the member's duties as provided in the state policies and procedures established by the Indiana department of administration and approved by the budget agency.

(e) The Indiana finance authority may issue bonds for the development of Prophetstown State Park under IC 5-1.2-6 .

As added by Acts 1978, P.L.50, SEC.1. Amended by P.L.74-1986, SEC.5; P.L.85-1993, SEC.4; P.L.178-2002, SEC.77; P.L.214-2005, SEC.27; P.L.167-2006, SEC.1; P.L.96-2008, SEC.2; P.L.1-2009, SEC.60; P.L.172-2011, SEC.100; P.L.229-2011, SEC.96; P.L.6-2012, SEC.59; P.L.189-2018, SEC.62; P.L.122-2021, SEC.1; P.L.104-2022, SEC.35.