This text of Indiana § 8-22-3-4.3 (Members of certain boards; annual financial audit; annual report) 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.
3.
(a)This section applies only to the board of
an airport authority that:
(1)is not located in a county containing a consolidated city;
(2)is established by a city; and
(3)has entered into a federal interstate compact.
(b)The board of an airport authority described in subsection (a)
consists of members appointed as follows:
(1)Four (4) members appointed by the executive of the city in
which the airport is located. Except as provided in section 3.9 of
this chapter, not more than two (2) members appointed under this
subdivision may be members of the same political party.
(2)One (1) member appointed by the executive of the county in
which the airport is located.
(3)One (1) member appointed by the executive of the county
(other than the county in which the airport is located) that is
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3. (a) This section applies only to the board of
an airport authority that:
(1) is not located in a county containing a consolidated city;
(2) is established by a city; and
(3) has entered into a federal interstate compact.
(b) The board of an airport authority described in subsection (a)
consists of members appointed as follows:
(1) Four (4) members appointed by the executive of the city in
which the airport is located. Except as provided in section 3.9 of
this chapter, not more than two (2) members appointed under this
subdivision may be members of the same political party.
(2) One (1) member appointed by the executive of the county in
which the airport is located.
(3) One (1) member appointed by the executive of the county
(other than the county in which the airport is located) that is
closest geographically to the airport.
(4) One (1) member appointed by the governor.
(c) A member of the board holds office for four (4) years and until
the member's successor is appointed and qualified.
(d) If a vacancy occurs in the board, the authority that appointed the
member that vacated the board shall appoint an individual to serve for
the remainder of the unexpired term.
(e) A board member may be reappointed to successive terms.
(f) A board member may be impeached under the procedure
provided for the impeachment of county officers.
(g) The board member appointed under subsection (b)(4) serves as
the president of the board.
(h) On September 1, 2013, the term of each member serving on the
board of the airport authority originally established by the city of Gary
is terminated. The appointing authorities required to make
appointments to the board under this section shall make new
appointments to the board as soon as possible after August 31, 2013.
(i) Each person appointed by an appointing authority under
subsection (b) must have knowledge of and at least five (5) years
professional work experience in at least one (1) of the following:
(1) Aviation management at an executive level.
(2) Regional economic development.
(3) Business or finance.
(j) A person appointed by an appointing authority under subsection
(b) may not personally have, or be employed by or have an ownership
interest in an entity that has, a significant contractual or business
relationship with the airport authority.
(k) The board of an airport authority described in subsection (a)
shall contract with a certified public accountant for an annual financial
audit of the airport authority. The certified public accountant may not
be selected without review of the accountant's proposal and approval
of the accountant by the state board of accounts. The certified public
accountant may not have a significant financial interest, as determined
by the board of the airport authority, in a project, facility, or service
owned by, funded by, or leased by or to the airport authority. The
certified public accountant shall present the annual financial audit not
later than four (4) months after the end of the airport authority's fiscal
year. The board of the airport authority shall pay the cost of the annual
financial audit. In addition, the state board of accounts may at any time
conduct an audit of any phase of the operations of the airport authority.
The airport authority shall pay the cost of any audit by the state board
of accounts.
(l) The board of the airport authority shall, not later than four (4)
months after the end of the airport authority's fiscal year, submit an
annual report of the board's activities for the preceding fiscal year to:
(1) the budget agency, for review by the budget committee; and
(2) the legislative council.
An annual report submitted under this section to the legislative council
must be in an electronic format under IC 5-14-6. The annual report
must set forth a complete operating and financial statement of the
airport authority for the airport authority's preceding fiscal year.
(m) The city council of the city of Gary shall terminate, as of
January 1, 2031, the compact between the city of Chicago and the city
of Gary relating to the establishment of the Chicago-Gary Regional
Airport Authority that was entered in to and became effective on April
15, 1995. Not later than July 1, 2030:
(1) a majority of the directors designated or appointed to the
Chicago-Gary Regional Airport Authority by the Gary city
council shall adopt a resolution that provides for the termination
of the compact on January 1, 2031; and
(2) the Gary city council shall adopt an ordinance that provides
for the termination of the compact on January 1, 2031.