Sec. 6. (a) The development board is composed of three (3) members, who must be residents of the eligible entity. The members of a development board for a development authority established by an eligible entity described in section 4.5(1) of this chapter are appointed by the executive of the eligible entity. The members of a development board for a development authority established by an eligible entity described in section 4.5(2) or 4.5(3) of this chapter are appointed as follows:
(1) One (1) member is appointed by the county executive.
(2) One (1) member is appointed by the executive of the city with the largest population in the county.
(3) One (1) member is appointed by the board of an airport authority that is located in the county.
(b) A member is entitled to serve a three (3) year term. A member may be reappointed to subsequent terms.
(c) If a vacancy occurs on the development board, the officer or entity that made the original appointment shall fill the vacancy by appointing a new member for the remainder of the vacated term.
(d) A member may be removed for cause by the officer or entity that appointed the member.
(e) Each member, before entering upon the duties of office, must take and subscribe an oath of office under IC 5-4-1, which shall be endorsed upon the certificate of appointment and filed with the records of the development board.
(f) A member may not receive a salary, and no profit or money of the development authority inures to the benefit of a member.
As added by P.L.108-1993, SEC.11. Amended by P.L.115-1995, SEC.13; P.L.85-1996, SEC.9.
Structure Indiana Code
Title 8. Utilities and Transportation
Chapter 3.7. Airport Development Authority
8-22-3.7-3. "Development Authority"
8-22-3.7-4. "Development Board"
8-22-3.7-4.5. "Eligible Entity"
8-22-3.7-5. Creation of Authority
8-22-3.7-6. Development Board; Membership; Term; Removal; Oath
8-22-3.7-9. Purposes of Authority
8-22-3.7-10. Authorized Activities of Authority; Dissolution
8-22-3.7-11. Refund of Bonds; Lease Back
8-22-3.7-12. Reasonableness of Leases; Leases of Airport Projects From Development Authority
8-22-3.7-13. Authority for Leases Between Development Authority and Authority
8-22-3.7-14. Leases; Authority Approval of Plans and Specifications of Project
8-22-3.7-15. Party Walls; Easements; Licenses
8-22-3.7-16. Sales or Leases of Projects to Development Authority
8-22-3.7-18. Law Governing Issuance; Bonds as Legal Investment
8-22-3.7-19. Trust Indentures Securing Bonds
8-22-3.7-20. Bonds Issued Upon Exercise of Option to Purchase
8-22-3.7-21. Exemptions From Taxation
8-22-3.7-22. Actions to Contest Validity of Bonds; Conditions
8-22-3.7-23. Impairment of Bondholder Rights