Sec. 7. An organization qualifies for certification as an industry collaboration organization if the organization:
(1) is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code;
(2) conducts activities for the purpose of enhancing career and technical education and work based learning opportunities for students in alignment with state and regional workforce needs;
(3) is governed by a board of directors that consists of members:
(A) of whom the majority are representatives of businesses from a high wage, high demand, priority industry sector or sectors; and
(B) of whom the minority represent:
(i) kindergarten through grade 12 education;
(ii) postsecondary education; and
(iii) community based organizations in Indiana;
(4) applies to the governor's workforce cabinet on the form, by the date, and in the manner prescribed by the governor's workforce cabinet to be recognized by the state and to be eligible for state funding;
(5) indicates the industry sector or sectors and geographic region in which the organization is requesting to be designated by the governor's workforce cabinet; and
(6) enters into an agreement with the governor's workforce cabinet to comply with this article.
As added by P.L.143-2019, SEC.29.