(a) The next level Indiana fund investment board is established. The board consists of the following members:
- (1) The secretary of commerce or the secretary's designee, who shall serve as the chairperson of the board.
- (2) The director of the office of management and budget or the director's designee.
- (3) Two (2) individuals appointed by the governor who have experience and knowledge in investments.
- (4) The treasurer of state or the treasurer's designee.
- (b) The board shall serve as trustee of the trust and direct the investment of the trust.
- (c) The board shall adopt an investment policy in conformance with section 8 of this chapter.
- (d) The board shall hold regular meetings at least quarterly. The board may hold special meetings at the call of the treasurer of state or with a written request signed by at least two (2) members of the board.
- (e) The board may hold its meetings at offices in Indiana that the chairperson or the requesting members designate. All meetings must be open to the public in accordance with IC 5-14-1.5 . The board shall keep a record of its proceedings.
- (f) Three (3) members of the board constitute a quorum for the transaction of business of the board. Each member of the board is entitled to one (1) vote. A vote of at least three (3) members of the board present is required for the board to adopt a resolution or take other action at a regular or special meeting.
As added by P.L.217-2017, SEC.69.