Ind. Code ch. 5-28-3

Ind. Code § 5-28-3-1 Corporation established

Sec. 1. The Indiana economic development corporation is established. As added by P.L.4-2005, SEC.34.

Ind. Code § 5-28-3-2 Body corporate and politic; examination by independent certified public accounting firm; 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) Except as provided in IC 5-11-1-9(k), the corporation and the corporation's funds, accounts, and financial affairs shall be examined by the state board of accounts. (c) The board may engage an independent certified public accounting firm to conduct an examination of: (1) the corporation and the corporation's funds, accounts, and financial affairs; and (2) a nonprofit subsidiary corporation established under IC 5-28-5-13. The examination must comply with the uniform compliance guidelines, directives, and standards established by the state board of accounts. If an independent certified public accounting firm conducts an examination, the corporation shall submit a copy of the examination report to the state board of accounts not later than the next date on which the corporation is required to file its financial reports under IC 5-11-1-4. As added by P.L.4-2005, SEC.34. Amended by P.L.181-2015, SEC.23; P.L.237-2017, SEC.14; P.L.209-2019, SEC.5; P.L.59-2023, SEC.17; P.L.58-2023, SEC.4.

Ind. Code § 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.

Ind. Code § 5-28-3-4 Secretary of commerce; appointment of 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. Amended by P.L.197-2021, SEC.4; P.L.145-2025, SEC.2.

Ind. Code § 5-28-3-5 Repealed

As added by P.L.220-2011, SEC.105. Amended by P.L.39-2011, SEC.3. Repealed by P.L.145-2016, SEC.4.

Ind. Code § 5-28-3-6 Repealed

As added by P.L.220-2011, SEC.106. Repealed by P.L.189-2018, SEC.42.