Sec. 1. The northwest Indiana regional development authority is established as a separate body corporate and politic to carry out the purposes of this article by: (1) acquiring, constructing, equipping, owning, leasing, and financing projects and facilities for lease to or for the benefit of eligible political subdivisions under this article in accordance with IC […]
Sec. 2. The development authority may carry out its powers and duties under this article in the following: (1) An eligible county. (2) An eligible municipality. As added by P.L.214-2005, SEC.73. Amended by P.L.182-2009(ss), SEC.422.
Sec. 3. (a) The development authority is governed by the development board appointed under this section. (b) Except as provided in subsections (d), (e), and (g), the development board is composed of the following ten (10) members: (1) Two (2) members appointed by the governor. One (1) of the members appointed by the governor under […]
Sec. 4. (a) A member appointed to the development board serves a four (4) year term. However, a member serves at the pleasure of the appointing authority. A member may be reappointed to subsequent terms. (b) Subject to section 3(i) of this chapter, if a vacancy occurs on the development board, the appointing authority that […]
Sec. 5. (a) One (1) of the members appointed by the governor under section 3(b)(1) of this chapter shall serve as chair of the development board. (b) In January of each year, the development board shall hold an organizational meeting at which the development board shall elect the following officers from the members of the […]
Sec. 6. (a) The development authority is a public agency for purposes of IC 5-14-1.5 and IC 5-14-3. The development board is a governing body for purposes of IC 5-14-1.5. (b) The development board shall meet at least quarterly. (c) The chair of the development board may call a special meeting of the development board. […]
Sec. 7. The development board may adopt the bylaws and rules that the development board considers necessary for the proper conduct of the development board’s duties and the safeguarding of the development authority’s funds and property. The development board shall include in its rules a statement that recognizes that a member of the development board […]
Sec. 8. (a) Except as provided in subsection (c), the development authority must comply with IC 5-22 (public purchasing), IC 36-1-12 (public work projects), and any applicable federal bidding statutes and regulations. An eligible political subdivision that receives a loan, a grant, or other financial assistance from the development authority or enters into a lease […]
Sec. 9. (a) The state board of accounts shall, pursuant to IC 5-11-1-7 and IC 5-11-1-24, allow the development authority to contract with a certified public accountant for an annual financial audit of the development authority. The certified public accountant may not have a significant financial interest in a project, facility, or service funded by […]
