§ 36-7-38-5 — Boards of county land banks; counties not having a consolidated city

(a) This section applies to the board of a county
land bank established by a county that does not have a consolidated
city.
(b) The board of a land bank to which this section applies is
comprised of the following:
(1) A director appointed by the county treasurer. A director
appointed under this subdivision must be a resident of the county.
(2) A director appointed by the county auditor. A director
appointed under this subdivision must be a resident of the county.
(3) Five (5) directors respectively appointed by the executives of
the five (5) municipalities in the county with the five (5) largest
populations, as determined by the most recent federal decennial
census. A director appointed under this subdivision must reside
in the municipality of the appointing authority that appoints the
director.
(4) At most two (2) additional directors appointed, as applicable,
in the manner and subject to the requirements set forth in the land
bank's bylaws.
(c) The terms of the initial directors of a land bank to which this
section applies are equal to:
(1) the remainder of the calendar year in which the land bank is
established; plus
(2) a number of additional years equal to:
(A) one (1) calendar year, for:
(i) the director appointed under subsection (b)(1);
(ii) the director appointed under subsection (b)(2); and
(iii) the director appointed under subsection (b)(3) by the
executive of the municipality in the county that has the
largest population;
(B) two (2) calendar years, for directors appointed under
subsection (b)(3) by the executives of the municipalities that
have the second through the fourth largest populations in the
county; and
(C) three (3) calendar years, for:
(i) the director appointed under subsection (b)(3) by the
executive of the municipality that has the fifth largest
population in the county; and
(ii) any directors appointed under subsection (b)(4).

Legislative History

As added by P.L.211-2016, SEC.1.