Indiana 2025 Regular Session

Indiana Senate Bill SB0460

Introduced
1/13/25  

Caption

Indiana economic development corporation board.

Summary

SB 460 revises the composition and operating rules of the Indiana Economic Development Corporation board, with the changes taking effect for board appointments made after December 31, 2025. Under the bill, the board would continue to include the governor and gubernatorial appointees, but the number of regular gubernatorial appointees would be reduced from 11 to 9, and each of those 9 members would have to reside in a separate Indiana congressional district. The bill keeps the existing requirement that board appointees come from the private or nonprofit sector or academia, and it preserves political-balance requirements for appointments by party affiliation. The bill also carries forward the governor’s ability to appoint up to three additional board members beyond the regular appointees, with at least one of those additional members belonging to a different major political party if more than one is appointed. It updates related provisions on terms, chairperson designation, quorum, voting thresholds, and meeting requests to match the new board structure. In particular, it lowers the quorum and affirmative-vote thresholds after 2025 to reflect the smaller base board size. In terms of state law, SB 460 amends IC 5-28-4, the statute governing the Indiana Economic Development Corporation board. It creates a new section establishing the post-2025 board structure and makes conforming changes throughout the chapter so that appointment, quorum, voting, and meeting provisions align with the revised membership rules. The practical effect is to change how the state’s economic development board is geographically represented and how it conducts business. Because there are no committee transcripts or recorded votes in the provided materials, there is little direct evidence of public debate or formal opposition in the record supplied here. The bill’s structure suggests a generally administrative or governance-focused measure rather than a policy overhaul, and its changes appear aimed at broadening geographic representation on the board while preserving gubernatorial control and bipartisan balance. Any contention would likely center on whether requiring appointees to come from separate congressional districts improves representation or unnecessarily constrains the governor’s appointment choices. Overall, the bill appears to be a board-organization and appointment-reform measure for Indiana’s economic development agency, with limited substantive policy impact beyond governance and membership rules.

Impact

SB 460 amends IC 5-28-4 to change the Indiana Economic Development Corporation board’s membership structure beginning in 2026, reducing the number of standard gubernatorial appointees to nine and requiring each to reside in a different Indiana congressional district. It also revises quorum, voting, and meeting provisions to match the smaller board and preserves the governor’s authority to appoint up to three additional members. The bill affects the governor, board appointees, and the corporation’s internal governance rules, but does not change the agency’s substantive economic development powers.

Sentiment

No committee testimony or vote history was provided, so there is no recorded public sentiment in the supplied materials. Based on the text alone, the bill appears to be a procedural governance measure with a neutral-to-positive framing, emphasizing geographic representation and updated board administration rather than controversy. The absence of recorded opposition or amendments in the provided context suggests no clearly documented partisan or stakeholder divide in the available record.

Contention

The main potential point of contention is the new requirement that the nine regular gubernatorial appointees each reside in separate Indiana congressional districts, which could be viewed as improving statewide geographic balance or as limiting the governor’s flexibility in selecting qualified board members. A secondary issue is the reduction in the number of regular appointees and the corresponding changes to quorum and voting thresholds, which may affect how easily the board can act. No specific opponents or supporters are identified in the provided materials.

Companion Bills

No companion bills found.

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