Sec. 10. (a) The executive of a unit that establishes a program under section 8 of this chapter shall appoint a five (5) member workforce fund board of managers. The duties of the workforce fund managers shall include:
(1) adopting rules and bylaws they consider necessary for the proper conduct of their proceedings, the carrying out of other duties, and the safeguarding of the money or property placed in their custody;
(2) by resolution or in accordance with their rules and bylaws, prescribing the date and manner of notice of their regular meetings;
(3) identifying the most appropriate and fiscally responsible incentives that will attract or retain individuals or families who will satisfy the current and future workforce needs of the unit's employers or provide substantial economic impact to the unit;
(4) developing and implementing marketing strategies to recruit or retain these individuals or families;
(5) identifying and recruiting applicants who may receive incentives from the fund;
(6) establishing an application process for individuals and families;
(7) evaluating applicants; and
(8) offering incentives to qualified applicants.
(b) Three (3) of the workforce fund managers constitute a quorum and the concurrence of three (3) of the workforce fund managers is necessary to authorize any action.
(c) The workforce fund managers may establish a qualified nonprofit organization for purposes of carrying out a program and the purposes of a fund under this chapter.
As added by P.L.135-2022, SEC.22.
Structure Indiana Code
Chapter 29.5. Workforce Retention and Recruitment Program and Fund
36-1-29.5-2. "Incentive Agreement"
36-1-29.5-4. "Qualified Nonprofit Organization"
36-1-29.5-5. "Qualified Worker"
36-1-29.5-7. "Workforce Fund Managers"
36-1-29.5-8. Establishment of a Workforce Retention and Recruitment Program; Incentive Agreement
36-1-29.5-9. Workforce Retention and Recruitment Fund; Administration
36-1-29.5-11. Qualifications for a Grant or Loan
36-1-29.5-12. Transfers and Deposits Into Fund