(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.