§ 21-9-4-1 — Board of directors; members; vacancy; chairperson; removal

Indiana § 21-9-4-1

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 9: EDUCATION SAVINGS PROGRAMS
• Ch. 4: Authority Board of Directors and Officers

Text

(a) The board of directors of the authority is
established. The board consists of the following:
(1) The following four (4) ex officio members or directors:
(A) The treasurer of state.
(B) The secretary of education.
(C) The Indiana commissioner for higher education.
(D) The budget director.
(2) Five (5) appointed members or directors who:
(A) are appointed by the governor; and
(B) have knowledge, skill, and experience in academic,
business, financial, or education fields.
(b) During a member's term of service on the board, an appointed
member of the board may not be an official or employee of the state.
(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 chairman of the board. The
board shall annually elect one (1) of its ex officio members as vice
chairman, and may elect any other officer that the board desires.
(h) The governor may remove an appointed member for
misfeasance, malfeasance, willful neglect of duty, or other cause after
notice and a public hearing, unless the member expressly waives the
notice and hearing in writing.

Legislative History

As added by P.L.165-1996, SEC.1. Amended by P.L.2-2007, SEC.247; P.L.43-2021, SEC.139.