Destination development corporation foundation.

Allows the destination development corporation (corporation) to establish a nonprofit subsidiary corporation to solicit and accept private sector funding, gifts, donations, bequests, devises, and contributions. Provides that the state examiner may waive the examination of the corporation and a nonprofit subsidiary corporation by the state board of accounts, if the board of the corporation engages an independent certified public accounting firm to conduct an examination of: (1) the corporation and the corporation's funds, accounts, and financial affairs; and (2) a nonprofit subsidiary corporation; in accordance with the uniform compliance guidelines, directives, and standards established by the state board of accounts.