1. (a) The board is composed of the following members who must be residents of Indiana:

   1. (1) The director of the state budget agency, or the director's designee, who shall serve as chair of the board.
   2. (2) One (1) member appointed by the executive of the city, who shall serve as the vice chair of the board.
   3. (3) The public finance director or the director's designee.

2. (b) If Lake County adopts an ordinance imposing a food and beverage tax pursuant to IC 6-9-36-3 and adopts an ordinance increasing the Lake County innkeeper's tax pursuant to IC 6-9-2-1.5 , the following two (2) members shall be added to the board:

   1. (1) One (1) member appointed by the county executive of Lake County.
   2. (2) One (1) member selected by the public finance director who shall be from Lake County.

3. (c) If Porter County adopts an ordinance imposing a food and beverage tax pursuant to IC 6-9-36-3 , the following two (2) members shall be added to the board:

   1. (1) One (1) member appointed by the county executive of Porter County.
   2. (2) One (1) member selected by the public finance director who shall be from Porter County.
4. (d) A member appointed under subsection (a)(2) serves an initial term that expires December 31, 2027, and each fourth year thereafter. The member may be reappointed by the executive of the city to subsequent terms. The executive of the city shall fill a vacancy in the membership under subsection (a)(2) by appointing a new member for the remainder of the vacated term.
5. (e) Members appointed under subsection (a)(3), subsection (b)(2), and subsection (c)(2) serve an initial term that expires December 31, 2028, and each fourth year thereafter. The members may be reappointed to subsequent terms. The public finance director shall fill a vacancy to the membership under subsection (a)(3), subsection (b)(2), and subsection (c)(2) by appointing a new member for the vacated term.
6. (f) A member appointed under subsection (b)(1) serves an initial term that expires December 31, 2028, and each fourth year thereafter. The member may be reappointed by the county executive of Lake County to subsequent terms. The county executive of Lake County shall fill a vacancy in the membership under subsection (b)(1) by appointing a new member for the remainder of the vacated term.
7. (g) A member appointed under subsection (c)(1) serves an initial term that expires December 31, 2028, and each fourth year thereafter. The member may be reappointed by the county executive of Porter County to subsequent terms. The county executive of Porter County shall fill a vacancy in the membership under subsection (c)(1) by appointing a new member for the remainder of the vacated term.

8. (h) A member appointed under subsection (a)(2), subsection (a)(3), subsection (b)(1), subsection (b)(2), subsection (c)(1), and subsection (c)(2):

   1. (1) continues to serve after the expiration of the appointment until a successor is appointed and qualified; and
   2. (2) may be removed with or without cause by the appointing authority.
9. (i) Each member appointed under subsection (a)(2), subsection (a)(3), subsection (b)(1), subsection (b)(2), subsection (c)(1), and subsection (c)(2), 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 board.

As added by P.L.44-2026, SEC.1.