State Codes and Statutes
Statutes > Indiana > Title5 > Ar28 > Ch3IC 5-28-3
Chapter 3. Indiana Economic Development Corporation
IC 5-28-3-1
Corporation established
Sec. 1. The Indiana economic development corporation is
established.
As added by P.L.4-2005, SEC.34.
IC 5-28-3-2
Body corporate and politic; examination by state board of accounts
Sec. 2. (a) The corporation is a body politic and corporate, not a
state agency but an independent instrumentality exercising essential
public functions.
(b) The corporation and the corporation's funds, accounts, and
financial affairs shall be examined biennially by the state board of
accounts under IC 5-11.
As added by P.L.4-2005, SEC.34.
IC 5-28-3-3
Corporation employees
Sec. 3. Employees of the corporation are not employees of the
state.
As added by P.L.4-2005, SEC.34.
IC 5-28-3-4
Secretary of commerce; corporation president
Sec. 4. (a) The governor shall appoint the secretary of commerce,
who shall serve at the pleasure of the governor. The secretary of
commerce is the chief executive officer of the corporation.
(b) The governor shall appoint the president of the corporation,
who shall serve at the pleasure of the governor. The president shall
report to the secretary of commerce.
As added by P.L.4-2005, SEC.34.
