IN SB0307

I notice there's a discrepancy between the bill number you've requested (SB0307) and the document provided (SEA 140). I'll summarize the actual document provided:

SEA 140 - Hospital Governing Board Provisions (Effective July 1, 2016)

• Increases annual compensation for governing board members from $3,600 to $6,000, with board chair eligible for up to $1,200 additional annual compensation.

• Requires governing board members to take an oath within 10 days of appointment and before assuming duties to support the U.S. and Indiana Constitutions and faithfully discharge their responsibilities.

• Establishes bonding requirements: elected treasurers and assistant treasurers must be separately bonded for at least $25,000, while other fund-handling personnel may be covered under a blanket corporate surety bond.

• Permits the board to elect a treasurer (with county executive approval) who serves as the disbursing officer, with checks requiring countersignature by a board-selected person.

• Allows board members to receive group health and life insurance benefits and payment for attendance at professional meetings and seminars without these being counted as compensation.