Sec. 2. (a) In a county having a population of more than two hundred fifty thousand (250,000) and less than three hundred thousand (300,000), there is hereby created on and after January 1, 1973, a special funds board of managers.

     (b) The board of managers shall be composed of eleven (11) members as follows:

(1) Six (6) appointed by the mayor of the city having the largest population in the county, one (1) of whom shall be from the hotel motel industry.

(2) Three (3) appointed by the mayor of the city having the second largest population in the county, one (1) of whom may be from the hotel motel industry.

(3) Two (2) appointed by the board of county commissioners of the county, one (1) of whom shall be from the hotel motel industry.

     (c) Except for the members first appointed, each member of the board of managers shall serve for a term of two (2) years commencing on the fifteenth day of the January following their appointment and until their successors are appointed and are qualified.

     (d) The two (2) members first appointed by the board of commissioners shall serve from the date of their appointment staggered terms as follows:

(1) One (1) to January 15 of the year following the appointment.

(2) One (1) to January 15 of the second year following the appointment.

     (e) Three (3) of the members first appointed by the mayor of the city having the largest population in the county and the three (3) members first appointed by the mayor of the city having the second largest population in the county shall serve from the date of their appointment as follows:

(1) One (1) appointed by each mayor to January 15 of the year following the appointment.

(2) Two (2) appointed by each mayor to January 15 of the second year following their appointment.

     (f) The three (3) remaining members first appointed by the mayor of the city having the largest population in the county shall serve to January 15 of the second year following their appointment.

     (g) At the end of the term of any member of the board of managers, the person or body making the original appointment may reappoint such person whose term has expired or appoint a new member for a full two (2) year term.

     (h) If a vacancy occurs in the board of managers during any term, a successor for the vacancy shall be appointed by the person or body making the original appointment, and such successor shall serve for the remainder of the vacated term.

     (i) Any member of the board of managers may be removed for cause by the person or body making the original appointment.

     (j) Not more than two (2) members of the board of managers appointed by the mayor of the city with the second largest population in the county shall be of the same political party. No more than three (3) of the board of managers appointed by the mayor of the city having the largest population in the county shall be of the same political party.

     (k) Each member of the board of managers, before entering upon the member’s duties, shall take and subscribe an oath of office in the usual form, to be endorsed upon the member’s certificate of appointment, which shall be promptly filed with the county’s circuit court clerk. Each member of the board of managers must be a resident of the county during the member’s entire term. Such member shall receive no salary, but shall be entitled to reimbursement for any expenses necessarily incurred in the performance of the member’s duties.

Formerly: Acts 1972, P.L.58, SEC.1. As amended by Acts 1980, P.L.62, SEC.1; P.L.12-1992, SEC.31; P.L.119-2012, SEC.54; P.L.104-2022, SEC.29.