Sec. 10. (a) The executive of a unit that establishes a program under section 8 of this chapter shall appoint a five (5) member workforce fund board of managers. The duties of the workforce fund managers shall include:

(1) adopting rules and bylaws they consider necessary for the proper conduct of their proceedings, the carrying out of other duties, and the safeguarding of the money or property placed in their custody;

Terms Used In Indiana Code 36-1-29.5-10

  • fund: means a workforce retention and recruitment fund established by the fiscal officer of a unit under section 9 of this chapter. See Indiana Code 36-1-29.5-1
  • program: means a workforce retention and recruitment program established by the executive of a unit under section 8(a) of this chapter. See Indiana Code 36-1-29.5-3
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • qualified nonprofit organization: means a private, nonprofit entity formed as a partnership between one (1) or more units, private sector businesses, or community or philanthropic organizations to develop and implement a workforce retention and recruitment strategy that has an organizational structure that conforms with the requirements of a policy developed by the workforce fund managers under section 10 of this chapter. See Indiana Code 36-1-29.5-4
  • Quorum: The number of legislators that must be present to do business.
  • unit: means a county, city, or town. See Indiana Code 36-1-29.5-6
  • workforce fund managers: means a workforce fund board of managers established by the executive of a unit under section 10 of this chapter. See Indiana Code 36-1-29.5-7
(2) by resolution or in accordance with their rules and bylaws, prescribing the date and manner of notice of their regular meetings;

(3) identifying the most appropriate and fiscally responsible incentives that will attract or retain individuals or families who will satisfy the current and future workforce needs of the unit’s employers or provide substantial economic impact to the unit;

(4) developing and implementing marketing strategies to recruit or retain these individuals or families;

(5) identifying and recruiting applicants who may receive incentives from the fund;

(6) establishing an application process for individuals and families;

(7) evaluating applicants; and

(8) offering incentives to qualified applicants.

     (b) Three (3) of the workforce fund managers constitute a quorum and the concurrence of three (3) of the workforce fund managers is necessary to authorize any action.

     (c) The workforce fund managers may establish a qualified nonprofit organization for purposes of carrying out a program and the purposes of a fund under this chapter.

As added by P.L.135-2022, SEC.22.

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