Indiana § 21-16-5-1.6 Board of directors; terms; vacancies

Indiana Statutes

§ 21-16-5-1.6 — Board of directors; terms; vacancies

Indiana § 21-16-5-1.6

Title 21HIGHER EDUCATION

Art. 16EARN INDIANA PROGRAM; STUDENT LOANS;

Ch. 5Secondary Market for Guaranteed Student Loans

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Bluebook

Ind. Code § 21-16-5-1.6 (2026).

Text

6.

(a)The term of a member of the board of directors is four (4) years. All terms begin on January 1. Each member holds office for the term of appointment and continues to serve after expiration of the appointment until a successor is appointed and qualified. A member is eligible for reappointment.

(b)A vacancy in the membership of the board under this chapter shall be filled by the appointing authority for the unexpired term in the same manner as the original appointment.

(c)The appointment of members in accordance with section 1.5 of this chapter must be made not later than December 31, 2023. Notwithstanding subsection (a), the terms of the members shall be staggered as follows:

(1)Three (3) members appointed under section 1.5(a)(1) of this chapter shall serve a two (2) year term. (2

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6. (a) The term of a member of the board of
directors is four (4) years. All terms begin on January 1. Each member
holds office for the term of appointment and continues to serve after
expiration of the appointment until a successor is appointed and
qualified. A member is eligible for reappointment.
(b) A vacancy in the membership of the board under this chapter
shall be filled by the appointing authority for the unexpired term in the
same manner as the original appointment.
(c) The appointment of members in accordance with section 1.5 of
this chapter must be made not later than December 31, 2023.
Notwithstanding subsection (a), the terms of the members shall be
staggered as follows:
(1) Three (3) members appointed under section 1.5(a)(1) of this
chapter shall serve a two (2) year term.
(2) One (1) member appointed under section 1.5(a)(1) of this
chapter, the member appointed under section 1.5(a)(3) of this
chapter, and the member appointed under section 1.5(a)(5) of this
chapter shall serve a three (3) year term.
(3) One (1) member appointed under section 1.5(a)(1) of this
chapter, the member appointed under section 1.5(a)(2) of this
chapter, and the member appointed under section 1.5(a)(4) of this
chapter shall serve a four (4) year term.
All subsequent terms of members shall be for four (4) year terms. This
subsection expires July 1, 2028.