Indiana § 8-14-15.1-7 Next level Indiana fund investment board established; members;
investment policy; meetings; quorum; voting; reporting requirement

Indiana Statutes

§ 8-14-15.1-7 — Next level Indiana fund investment board established; members; investment policy; meetings; quorum; voting; reporting requirement

Indiana § 8-14-15.1-7

Art. 14HIGHWAY FINANCES

Ch. 15.1Next Level Indiana Trust Fund

This text of Indiana § 8-14-15.1-7 (Next level Indiana fund investment board established; members; investment policy; meetings; quorum; voting; reporting requirement) 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 § 8-14-15.1-7 (2026).

Text

(a)The next level Indiana fund investment board is established. The board consists of the following members:

(1)The secretary of commerce or the secretary's designee, who shall serve as the chairperson of the board.

(2)The director of the office of management and budget or the director's designee.

(3)Two (2) individuals appointed by the governor who have experience and knowledge in investments.

(4)The treasurer of state or the treasurer's designee.

(5)One (1) individual appointed by the speaker of the house of representatives who has experience and knowledge in venture capital investments.

(6)One (1) individual appointed by the president pro tempore of the senate who has experience and knowledge in venture capital investments.

(b)The board shall serve as trustee of the trust and di

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(a) The next level Indiana fund investment
board is established. The board consists of the following members:
(1) The secretary of commerce or the secretary's designee, who
shall serve as the chairperson of the board.
(2) The director of the office of management and budget or the
director's designee.
(3) Two (2) individuals appointed by the governor who have
experience and knowledge in investments.
(4) The treasurer of state or the treasurer's designee.
(5) One (1) individual appointed by the speaker of the house of
representatives who has experience and knowledge in venture
capital investments.
(6) One (1) individual appointed by the president pro tempore of
the senate who has experience and knowledge in venture capital
investments.
(b) The board shall serve as trustee of the trust and direct the
investment of the trust.
(c) The board shall adopt an investment policy in conformance with
section 8 of this chapter.
(d) The board shall hold regular meetings at least quarterly. The
board may hold special meetings at the call of the treasurer of state or
with a written request signed by at least two (2) members of the board.
(e) The board may hold its meetings at offices in Indiana that the
chairperson or the requesting members designate. All meetings must
be open to the public in accordance with IC 5-14-1.5. The board shall
keep a record of its proceedings.
(f) Five (5) members of the board constitute a quorum for the
transaction of business of the board. Each member of the board is
entitled to one (1) vote. A vote of at least five (5) members of the board
present is required for the board to adopt a resolution or take other
action at a regular or special meeting.
(g) On or before July 1, 2027, and July 1 biennially thereafter, the
board shall submit a report to the executive director of the legislative
services agency, in an electronic format under IC 5-14-6, for review by
the interim committee on government in accordance with IC 1-1-15.5-4
and IC 2-5-1.3-13(g). The report shall describe:
(1) official action taken; and
(2) actionable items considered;
by the board during the preceding two (2) years.