Sec. 2. Appointments to the authority under section 1(c)(3) of this chapter are for terms of four (4) years. Each member appointed to the authority under section 1(c)(3) of this chapter:
(1) holds office for the term of this appointment;
(2) continues to serve after expiration of the appointment until a successor is appointed and qualified;
(3) is eligible for reappointment; and
(4) may be removed from office by the governor with or without cause and serves at the pleasure of the governor.
The governor shall fill a vacancy for the unexpired term of any member appointed under section 1(c)(3) of this chapter.
As added by P.L.189-2018, SEC.25.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 3. Indiana Finance Authority
5-1.2-3-1. Establishment; Membership
5-1.2-3-2. Members; Terms of Office
5-1.2-3-3. Officers; Compensation of Members
5-1.2-3-4. Vesting of Powers; Quorum; Voting
5-1.2-3-6. Public Finance Director; Powers and Duties
5-1.2-3-8. Employment; Delegation of Administrative Duties
5-1.2-3-9. Members; Conflicts of Interest; Disclosure
5-1.2-3-10. State Officers and Employees; Nonforfeiture of Offices and Employment