(a) The West Virginia Tourism Office may enter into contractual or joint venture agreements with one or more nonprofit corporations organized pursuant to the corporate laws of the state, organized to permit qualification pursuant to Section 501(c) of the Internal Revenue Code and organized for purposes of the promotion and development of tourism in West Virginia, and funded from sources other than the state. Members of the Tourism Commission provided in this article are authorized to sit on the board of directors of such private nonprofit corporations.
(b) From time to time the West Virginia Tourism Office may enter into joint ventures wherein the West Virginia Development Office and one or more said nonprofit corporations share in the development and funding of tourism advertising, promotion and development programs and campaigns.
(c) All contracts and joint venture agreements entered into pursuant to this section for longer than one fiscal year shall contain, in substance, a provision that the contract shall be considered canceled without further obligation on the part of the state if the Legislature, or, where appropriate, the federal government shall fail to appropriate sufficient funds therefor or shall act to impair the contract or cause it to be canceled.
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