SB 137 IN Became Law
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Summary
Allows the Indiana kids first trust fund board (board) to create a nonprofit subsidiary corporation to solicit and accept private funding, gifts, donations, bequests, devises, and contributions. Provides that the members of the board serve terms of four years (rather than two years under current law) and provides for the terms of the appointed members of the board to be staggered. Provides that a majority of the appointed members of the board constitutes a quorum for purposes of board meetings. Provides that an affirmative vote of the majority of the board members participating in a board meeting is required for the board to take action at the meeting. Provides that: (1) the board; and (2) the board of directors of a subsidiary corporation formed by the board; must post meeting minutes to the Internet not later than 10 days after the minutes are approved. Requires the board to study the topic of establishing a nonprofit subsidiary corporation and provide a report to the general assembly with the board's findings.
Sponsors (4)
- Andy Zay · author
- John Crane · author
- Jon Ford · author
- Dale DeVon Republican · sponsor
2 coauthors / cosponsors
- J.D. Ford Democratic · coauthor
- Chris Garten Republican · coauthor
Action history (23)
- Jan 5, 2021 Authored by Senator Zay · upper
- Jan 5, 2021 First reading: referred to Committee on Family and Children Services · upper
- Jan 11, 2021 Committee report: do pass, adopted · upper
- Jan 14, 2021 Second reading: ordered engrossed · upper
- Jan 14, 2021 Senator Ford J.D. added as coauthor · upper
- Jan 25, 2021 Third reading: passed; Roll Call 12: yeas 49, nays 0 · upper
- Jan 25, 2021 Senator Crane added as second author · upper
- Jan 25, 2021 Senator Ford Jon added as third author · upper
- Jan 25, 2021 Senator Garten added as coauthor · upper
- Jan 25, 2021 House sponsor: Representative DeVon · upper
- Jan 26, 2021 Referred to the House · upper
- Feb 23, 2021 First reading: referred to Committee on Family, Children and Human Affairs · lower
- Mar 4, 2021 Committee report: amend do pass, adopted · lower
- Mar 8, 2021 Second reading: ordered engrossed · lower
- Mar 9, 2021 Third reading: passed; Roll Call 252: yeas 93, nays 0 · lower
- Mar 9, 2021 Returned to the Senate with amendments · lower
- Mar 29, 2021 Motion to concur filed · upper
- Apr 1, 2021 Senate concurred in House amendments; Roll Call 310: yeas 48, nays 0 · upper
- Apr 12, 2021 Signed by the President Pro Tempore · upper
- Apr 13, 2021 Signed by the Speaker · lower
- Apr 21, 2021 Signed by the President of the Senate · upper
- Apr 22, 2021 Public Law 93 · upper
- Apr 22, 2021 Signed by the Governor · executive
Text versions (4)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
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