§ 5-1-17.5-16 — Board of directors of the commission

Indiana § 5-1-17.5-16

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1: BONDS AND OTHER OBLIGATIONS
• Ch. 17.5: Motorsports Investment District

Text

(a) The board of directors of the
commission is composed of the following five (5) directors, who serve
at the pleasure of the governor and must be residents of Indiana:
(1) The budget director, or the budget director's designee, who
shall serve as chair of the commission.
(2) Four (4) directors appointed by the governor. The president
pro tempore of the senate and the speaker of the house of
representatives may each make one (1) recommendation to the
governor concerning the appointment of a director under this
subdivision.
(b) The commission shall be governed by the board. The directors
may not be elected public officials of the state or any political
subdivision. Except for the budget director, the directors first appointed
continue in office for terms expiring on July 1, 2014, July 1, 2015, July
1, 2016, and July 1, 2017, and until their respective successors are duly
appointed and qualified.
(c) Except for the budget director, the term of any director first
appointed must be designated by the governor. If a vacancy occurs on
the board, the governor shall fill the vacancy by appointing a new
director. The successor of each such director is appointed for a term of
four (4) years, except that any person appointed to fill a vacancy is
appointed to serve only for the unexpired term and until a successor is
duly appointed and qualified. A director is eligible for reappointment.
(d) The directors shall hold an initial organizational meeting within
thirty (30) days after the board's appointment and after public notice
given by the budget director in accordance with IC 5-3-1-4. As soon as
practicable after January 15 of each year, the board shall hold its
annual organizational meeting. The board shall elect one (1) of the
directors as vice chair and another director as secretary-treasurer to
perform the duties of those offices. These officers serve from the date
of their election and until their successors are elected and qualified.
Special meetings may be called by the chair or any two (2) directors of
the board.
(e) Three (3) directors constitute a quorum of the board, and the
affirmative vote of at least three (3) directors is necessary for any
official action taken by the board. A vacancy in the membership of the
board does not impair the rights of a quorum to exercise all the rights
and perform all the duties of the board.
(f) Except for the budget director, the directors are entitled to
reimbursement for traveling expenses and other expenses actually
incurred in connection with their duties as provided by law. Directors
are not entitled to the salary per diem provided by IC 4-10-11-2.1(b) or
any other compensation while performing their duties.
(g) All expenses incurred in carrying out the provisions of this
chapter shall be payable solely from funds provided under this chapter
or from the proceeds of bonds issued by the authority under this
chapter, and no liability or obligation shall be incurred by the
commission or the authority under this chapter beyond the extent to
which money shall have been provided under the authority of this
chapter.
(h) The board:
(1) is responsible for implementing the powers and duties of the
commission under this chapter;
(2) may adopt bylaws for the regulation of the affairs of the board,
the conduct of the business of the commission, and the
safeguarding of the funds and property entrusted to the
commission; and
(3) shall, without complying with IC 4-22-2, adopt the code of
ethics specified in executive order 05-12 for its members and
employees.

Legislative History

As added by P.L.233-2013, SEC.5. Amended by P.L.2-2014, SEC.9.