Sec. 1. As used in this chapter, "eligible entity" means any of the following:
(1) A nonprofit sports commission, including the Indiana Sports Corporation.
(2) Destination management organizations.
(3) A state educational institution (as defined in IC 21-7-13-32) or a nonprofit college or university that operates in Indiana.
(4) A local organizing committee acting on behalf of a local unit to pursue an application for selection as the site of an event.