(1) The following four (4) ex officio members:

(B) The secretary of family and social services.

(C) The budget director.

(D) The executive director of the Indiana housing and community development authority.

(2) Five (5) appointed members who:

(A) are appointed by the governor; and

(B) consist of the following:

(i) One (1) member who has significant experience in actuarial analysis, accounting, investment management, or other areas of finance that are relevant to the authority.

(ii) One (1) member who has significant legal expertise and knowledge of estate planning.

(iii) One (1) member who is a representative of a statewide organization that advocates on behalf of individuals with disabilities.

(iv) One (1) member who is an individual with a disability.

(v) One (1) member who is a family member of an individual with a disability.

     (b) A certificate of appointment or reappointment of each member shall be filed with the authority, and this certificate is conclusive evidence of the due and proper appointment of the member.

     (c) Not more than three (3) of the appointed members of the board may belong to the same political party.

     (d) An appointed member serves a four (4) year term. An appointed member shall hold over after the expiration of the member’s term until the member’s successor is appointed and qualified.

     (e) The governor may reappoint an appointed member of the board.

     (f) A vacancy shall be filled for the balance of an unexpired term in the same manner as the original appointment.

     (g) The treasurer of state shall serve as chairperson of the board. The board shall annually elect one (1) of its ex officio members as vice chairperson and may elect any other officer the board desires. The board shall meet at the call of the chairperson and as provided in the bylaws of the authority.

     (h) The governor may remove an appointed member for misfeasance, malfeasance, willful neglect of duty, or other cause.

     (i) An appointed member of the board is not entitled to the minimum salary per diem provided by IC 4-10-11-2.1(b). However, each appointed member is entitled to reimbursement for traveling expenses and other expenses actually incurred in connection with the member’s duties.

     (j) An ex officio member of the board is entitled to reimbursement for traveling expenses and other expenses actually incurred in connection with the member’s duties.

     (k) An ex officio member of the board may designate a person to serve as an ex officio member of the board in the absence of the ex officio member.

     (l) The majority of the members of the board constitute a quorum for the purposes of conducting the board’s business and exercising the board’s powers and for all other purposes. Vacant positions may not be counted when determining whether a majority of the members is present.

     (m) The affirmative vote of a majority of all the members of the board who are present is necessary for the authority to take action. A vacancy in the membership of the board does not impair the right of a quorum to exercise all the rights and perform all the duties of the authority. An action taken by the board under this article may be authorized by:

(1) resolution at any regular or special meeting; or

(2) unanimous consent of all the members who have not abstained.

A resolution takes effect immediately upon adoption and need not be published or posted.

As added by P.L.12-2016, SEC.8.