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Home » US Law » 2022 Indiana Code » Title 21. Higher Education » Article 9. Education Savings Programs » Chapter 4. Authority Board of Directors and Officers

21-9-4-1. Board of Directors; Members; Vacancy; Chairperson; Removal

Sec. 1. (a) The board of directors of the authority is established. The board consists of the following: (1) The following four (4) ex officio members or directors: (A) The treasurer of state. (B) The secretary of education. (C) The Indiana commissioner for higher education. (D) The budget director. (2) Five (5) appointed members or […]

21-9-4-1. Board of Directors; Members; Vacancy; Chairperson; Removal

Sec. 1. (a) The board of directors of the authority is established. The board consists of the following: (1) The following four (4) ex officio members or directors: (A) The treasurer of state. (B) The secretary of education. (C) The Indiana commissioner for higher education. (D) The budget director. (2) Five (5) appointed members or […]

21-9-4-10. Duties of Manager of Authority

Sec. 10. A manager or another person designated by resolution of the authority: (1) shall keep a record of the proceedings of the authority; (2) shall be custodian of: (A) all books, documents, and papers filed with the authority; and (B) the minute book or journal of the authority; and (3) may copy all minutes […]

21-9-4-10. Duties of Manager of Authority

Sec. 10. A manager or another person designated by resolution of the authority: (1) shall keep a record of the proceedings of the authority; (2) shall be custodian of: (A) all books, documents, and papers filed with the authority; and (B) the minute book or journal of the authority; and (3) may copy all minutes […]

21-9-4-11. Surety Bond

Sec. 11. Before the adoption and implementation of any education savings program, the: (1) chairman; (2) vice chairman; (3) manager; and (4) any officer elected by the authority or member of the authority authorized by resolution to handle funds or sign checks; shall execute a surety bond in the penal sum of one hundred thousand […]

21-9-4-11. Surety Bond

Sec. 11. Before the adoption and implementation of any education savings program, the: (1) chairman; (2) vice chairman; (3) manager; and (4) any officer elected by the authority or member of the authority authorized by resolution to handle funds or sign checks; shall execute a surety bond in the penal sum of one hundred thousand […]

21-9-4-12. Duties of Authority

Sec. 12. The authority shall do the following: (1) Provide the board and each member, officer, employee, consultant, counsel, and agent of the authority or the board a defense in a suit arising out of the performance of duties for or on behalf of the authority or the board, if the board determines that the […]

21-9-4-12. Duties of Authority

Sec. 12. The authority shall do the following: (1) Provide the board and each member, officer, employee, consultant, counsel, and agent of the authority or the board a defense in a suit arising out of the performance of duties for or on behalf of the authority or the board, if the board determines that the […]

21-9-4-13. Conflicts of Interest

Sec. 13. Notwithstanding any other law, it is not a conflict of interest or violation of any other law for a person to serve as a member of the authority. However, a member shall disclose a conflict of interest relating to actions of the authority as required and in a manner provided by IC 35-44.1-1-4. […]

21-9-4-13. Conflicts of Interest

Sec. 13. Notwithstanding any other law, it is not a conflict of interest or violation of any other law for a person to serve as a member of the authority. However, a member shall disclose a conflict of interest relating to actions of the authority as required and in a manner provided by IC 35-44.1-1-4. […]

21-9-4-2. Salary; Reimbursement

Sec. 2. (a) An appointed member of the board is not entitled to the minimum salary per diem provided by IC 4-10-11-2.1(b). Each appointed member is, however, entitled to reimbursement for traveling expenses and other expenses actually incurred in connection with the member’s duties. (b) An ex officio member of the board is entitled to […]

21-9-4-2. Salary; Reimbursement

Sec. 2. (a) An appointed member of the board is not entitled to the minimum salary per diem provided by IC 4-10-11-2.1(b). Each appointed member is, however, entitled to reimbursement for traveling expenses and other expenses actually incurred in connection with the member’s duties. (b) An ex officio member of the board is entitled to […]

21-9-4-3. Designation of Ex Officio Member

Sec. 3. An ex officio member of the board may designate a person to serve as an ex officio member of the board in the absence of the ex officio member. As added by P.L.165-1996, SEC.1.

21-9-4-3. Designation of Ex Officio Member

Sec. 3. An ex officio member of the board may designate a person to serve as an ex officio member of the board in the absence of the ex officio member. As added by P.L.165-1996, SEC.1.

21-9-4-5. Quorum; Meetings

Sec. 5. (a) Five (5) members of the board are a quorum for: (1) the transaction of business at a meeting of the board; or (2) the exercise of a power or function of the authority. (b) The affirmative vote of a majority of all the members of the board who are present is necessary […]

21-9-4-5. Quorum; Meetings

Sec. 5. (a) Five (5) members of the board are a quorum for: (1) the transaction of business at a meeting of the board; or (2) the exercise of a power or function of the authority. (b) The affirmative vote of a majority of all the members of the board who are present is necessary […]