Indiana Code 21-16-5-1.5. Appointment of board of directors; quorum; meetings; reimbursement of director expenses
(1) Five (5) members appointed by the governor.
Terms Used In Indiana Code 21-16-5-1.5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Minority leader: See Floor Leaders
- President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
- Quorum: The number of legislators that must be present to do business.
(3) One (1) member appointed by the minority leader of the senate.
(4) One (1) member appointed by the speaker of the house of representatives.
(5) One (1) member appointed by the minority leader of the house of representatives.
(b) None of the members appointed to the board may be members of the general assembly. Not more than five (5) members may belong to the same political party. Members serve at the pleasure of the appointing authority.
(c) The board shall elect from among its members a chair and vice chair.
(d) Five (5) members constitutes a quorum for the transaction of business. An affirmative vote of at least five (5) members is necessary for the board to take action. Members of the board may not vote by proxy.
(e) Meetings of the board shall be held at the call of the chair or whenever any five (5) voting members request a meeting. The members shall meet at least once every three (3) months to attend to the business of the corporation.
(f) Each member of the commission who is not a state employee is entitled to:
(1) a salary per diem for attending meetings equal to the per diem provided by law for members of the general assembly; and
(2) reimbursement for mileage and traveling expenses as provided under IC 4-13-1-4, and 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.
(g) Each member of the commission who is a state employee is entitled to reimbursement for traveling expenses as provided under IC 4-13-1-4 and 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.
(h) The corporation shall pay expenses incurred under subsections (g) and (h) from the revenues of the corporation.
(i) The corporation shall provide staff support to the board.
As added by P.L.224-2023, SEC.7. Amended by P.L.42-2024, SEC.143.