§ 8-22-3-4.5 — Members of a board established by Clark County

Indiana § 8-22-3-4.5

• Jurisdiction: Indiana
• Art. 22: AIRPORTS
• Ch. 3: Local Airport Authorities

Text

5. (a) This section applies only to an airport
authority established under this chapter by the fiscal body of Clark
County.
(b) The following apply to the authority:
(1) The authority shall be named the South Central Regional
Airport Authority.
(2) The budget and tax levies of the authority must be approved
by the fiscal body of Clark County as provided in IC 6-1.1-17-20.
(3) The authority may not issue bonds or enter into a lease
payable in whole or in part from property taxes unless the
authority obtains the approval of the fiscal body of Clark County
as provided in IC 6-1.1-17-20.5.
(c) The board must at all times maintain liability insurance coverage
for the authority that provides general liability coverage in an amount
determined sufficient by the board.
(d) The board must issue for each year an annual report that
includes at least the following:
(1) The reports submitted to the board under section 21 of this
chapter by the treasurer of the authority for the year.
(2) An audited balance sheet, an audited cash flow statement, and
an audited income statement for the year.
(3) Minutes of each meeting of the board held during the year.
(4) A report of any pending or potential litigation involving the
authority or the board, including a discussion of potential loss
resulting from the pending or potential litigation.
(e) The board must each year present the annual report issued under
subsection (d):
(1) at a public meeting of the county executive of Clark County;
(2) at a public meeting of the fiscal body of Clark County; and
(3) at a public meeting of the legislative body of the town of
Sellersburg.
(f) Notwithstanding sections 4 and 5 of this chapter or any other
law, the following apply to the membership of the board of the
authority:
(1) Subject to subdivision (2), the individuals serving as members
of the Clark County board of aviation commissioners at the time
the authority is established shall become the initial members of
the board of the authority.
(2) If:
(A) the Clark County board of aviation commissioners consists
of five (5) members at the time the authority is established; and
(B) the board of the authority consists of only four (4)
members;
the county executive of Clark County shall determine which four
(4) of the members of the Clark County board of aviation
commissioners shall become the initial members of the board of
the authority.
(3) The terms of the individuals who serve as the initial members
of the board of the authority as provided in subdivision (1) expire
on January 1 of the first calendar year that begins at least twelve
(12) months after the authority is established.
(4) Upon the expiration of the terms of the individuals who serve
as the initial members of the board of the authority, the members
of the board shall be appointed as provided in section 4(h) of this
chapter.
(g) The general assembly finds that by enacting this section and
section 4(h) of this chapter, Clark County will have the opportunity to
advance the economic development potential of the county through the
airport authority, the military base reuse authority, and the ports of
Indiana.

Legislative History

As added by P.L.84-2013, SEC.2.