Bill > SB0460

This bill modifies the composition and governance of the Indiana Economic Development Corporation (IEDC) board, with key changes taking effect on January 1, 2026. Currently, the board has 11 members appointed by the governor, with requirements for political party representation. Beginning in 2026, the board will be reduced to 9 members, with a new requirement that these 9 members must reside in separate Indiana congressional districts. The bill preserves the governor's ability to appoint up to three additional members without the congressional district residency constraint. The political party representation requirements are slightly adjusted, now requiring at least four members from the governor's party and at least two from another major party. The bill also updates related provisions such as quorum requirements, voting procedures, and meeting protocols. Specifically, the quorum and voting thresholds will be slightly lowered after December 31, 2025, reflecting the reduced board size. These changes aim to ensure broader geographic representation on the IEDC board while maintaining political balance and flexibility in appointments.

Business and Industry

https://iga.in.gov/legislative/2025/bills/senate/460/details