republic-os/legislation/us/states/in/2021/sb-137.md

---
type: "Bill"
title: "Kids first trust fund board."
description: "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."
jurisdiction: "us/states/in"
legislature: "Indiana General Assembly"
session: "2021"
identifier: "SB 137"
citation: "Indiana SB 137 (2021)"
classification: ["bill"]
subjects: ["BOARDS AND BOARD MEMBERSHIP", "CHILDREN AND MINORS generally", "NONPROFIT CORPORATIONS AND ORGANIZATIONS"]
status: "enacted"
primary_sponsors: ["Andy Zay", "Dale DeVon", "John Crane", "Jon Ford"]
version_count: 4
action_count: 23
vote_count: 1
first_action: "2021-01-05"
last_action: "2021-04-22"
source: "openstates"
source_identifier: "ocd-bill/e2b93d0d-3366-4a41-9660-62c1404b7f70"
source_url: "http://iga.in.gov/legislative/2021/bills/senate/137"
source_hash: "9e97341e5ff6e816176c3dfa083d2029112e948cd4f60efa4276943c2c007260"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-in"]
---

# Indiana SB 137 (2021) — Kids first trust fund board.

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.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Enrolled Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2021/bills/SB0137/versions/SB0137.04.ENRH)
2. **Introduced Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2021/bills/SB0137/versions/SB0137.01.INTR)
3. **Senate Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2021/bills/SB0137/versions/SB0137.03.COMH)
4. **Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2021/bills/SB0137/versions/SB0137.02.COMS)

## Votes

- SB 137 - DeVon - 3rd Reading — **93–0** (pass) · lower

## Sponsors

- Andy Zay — primary (person)
- Dale DeVon — primary (person)
- John Crane — primary (person)
- Jon Ford — primary (person)
- Chris Garten — coauthor (person)
- J.D. Ford — coauthor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-01-05** Authored by Senator Zay
- **2021-01-05** First reading: referred to Committee on Family and Children Services `reading-1, referral-committee`
- **2021-01-11** Committee report: do pass, adopted `committee-passage`
- **2021-01-14** Second reading: ordered engrossed `reading-2`
- **2021-01-14** Senator Ford J.D. added as coauthor
- **2021-01-25** Third reading: passed; Roll Call 12: yeas 49, nays 0 `passage, reading-3`
- **2021-01-25** Senator Crane added as second author
- **2021-01-25** Senator Ford Jon added as third author
- **2021-01-25** Senator Garten added as coauthor
- **2021-01-25** House sponsor: Representative DeVon
- **2021-01-26** Referred to the House
- **2021-02-23** First reading: referred to Committee on Family, Children and Human Affairs `reading-1, referral-committee`
- **2021-03-04** Committee report: amend do pass, adopted `committee-passage`
- **2021-03-08** Second reading: ordered engrossed `reading-2`
- **2021-03-09** Third reading: passed; Roll Call 252: yeas 93, nays 0 `passage, reading-3`
- **2021-03-09** Returned to the Senate with amendments `amendment-failure`
- **2021-03-29** Motion to concur filed
- **2021-04-01** Senate concurred in House amendments; Roll Call 310: yeas 48, nays 0 `amendment-failure`
- **2021-04-12** Signed by the President Pro Tempore
- **2021-04-13** Signed by the Speaker
- **2021-04-21** Signed by the President of the Senate
- **2021-04-22** Public Law 93
- **2021-04-22** Signed by the Governor `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e2b93d0d-3366-4a41-9660-62c1404b7f70`. Confidence: reported (aggregated from official Indiana legislature records).