Indiana § 21-16-5-1.5 Appointment of board of directors; quorum; meetings; reimbursement
of director expenses

Indiana Statutes

§ 21-16-5-1.5 — Appointment of board of directors; quorum; meetings; reimbursement of director expenses

Indiana § 21-16-5-1.5

Title 21HIGHER EDUCATION

Art. 16EARN INDIANA PROGRAM; STUDENT LOANS;

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This text of Indiana § 21-16-5-1.5 (Appointment of board of directors; quorum; meetings; reimbursement of director expenses) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 21-16-5-1.5 (2026).

Text

5.

(a)The board of directors of the nonprofit corporation is composed of nine (9) members. The members must be appointed as follows:

(1)Five (5) members appointed by the governor.

(2)One (1) member appointed by the president pro tempore of the senate.

(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 const

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5. (a) The board of directors of the nonprofit
corporation is composed of nine (9) members. The members must be
appointed as follows:
(1) Five (5) members appointed by the governor.
(2) One (1) member appointed by the president pro tempore of the
senate.
(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 constitute 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 board 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 board 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
(f) and (g) from the revenues of the corporation.
(i) The corporation shall provide staff support to the board.