Bill Text: IN SB0485 | 2011 | Regular Session | Introduced
Bill Title: State library foundation.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Passed) 2011-05-18 - Effective 07/01/2011 [SB0485 Detail]
Download: Indiana-2011-SB0485-Introduced.html
Citations Affected: IC 4-23-7.1-42.
Synopsis: State library foundation. Authorizes the Indiana library and
historical board to establish a nonprofit foundation to solicit and
accept private funding. Allows certain funds to be transferred to the
foundation. Provides that the foundation is governed by a board of
directors. Requires the state board of accounts to annually audit the
foundation.
Effective: July 1, 2011.
January 13, 2011, read first time and referred to Committee on Public Policy.
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A BILL FOR AN ACT to amend the Indiana Code concerning state
offices and administration.
(b) A foundation established under this section:
(1) shall use money received under subsection (a) to:
(A) support the state library and libraries in the state; and
(B) carry out the purposes and programs under this chapter; and
(2) may deposit money received under subsection (a) in an account or fund that is:
(A) administered by the foundation; and
(B) not part of the state treasury.
(c) The foundation established under this section is governed by a board of directors consisting of the following members:
(1) Seven (7) voting members appointed by the board of directors.
(2) The state treasurer, who shall serve as a nonvoting member.
(d) The members appointed under subsection (c)(1) shall be appointed for a term of three (3) years but may be removed by the governor for cause.
(e) The affirmative votes of at least four (4) members of the board of directors are required for the foundation to take any official action.
(f) Employees of the state library shall provide administrative support for the foundation.
(g) Money in the foundation at the end of a state fiscal year does not revert to the state general fund.
(h) The state board of accounts shall annually audit the foundation established under this section.
(b) Notwithstanding IC 4-23-7.1-42(d), as added by this act, the initial appointments of the directors of the foundation shall be:
(1) nominated by the director of the state library;
(2) approved by the Indiana library and historical board; and
(3) appointed by the governor.
(c) Notwithstanding IC 4-23-7.1-42 (c) and IC 4-23-7.1-42(d), both as added by this act, the initial appointments of the members of the board of directors of the foundation by the governor under IC 4-23-7.1-42(c)(1), as added by this act, shall be staggered as follows:
(1) Two (2) members appointed by the governor shall be appointed to serve a one (1) year term ending June 30, 2012.
(2) Three (3) members appointed by the governor shall be appointed to serve a two (2) year term ending June 30, 2013.
(3) Two (2) members appointed by the governor shall be appointed to serve a three (3) year term ending June 30, 2014.
(d) This SECTION expires July 1, 2014.