(A) The board of directors is the governing board of the authority. The board consists of seven voting directors appointed as follows:
(1) six members who reside in or represent all or some portion of the counties designated as distressed or least developed pursuant to Section 12-6-3360 for 2009 or a county designated as such at the time of appointment; one appointed by the President of the Senate, one appointed by the Speaker of the House of Representatives, one appointed by the Chairman of the Senate Finance Committee, one appointed by the Chairman of the House Ways and Means Committee, and two appointed by the Governor. Notwithstanding the provisions of Section 8-13-770, the members appointed pursuant to this item (1) by the President of the Senate, Speaker of the House of Representatives, Chairman of the Senate Finance Committee, and the Chairman of the House Ways and Means Committee may be members of the General Assembly and, if so appointed, shall serve ex officio; and
(2) the Secretary of Commerce, ex officio, who shall serve as chairman.
(B) Members not serving ex officio shall serve for terms of four years and until their successors are appointed and qualify except that of the members first appointed by the Speaker of the House, President of the Senate, and one of the members first appointed by the Governor, the member shall serve for a term of two years and the term must be noted on the appointment. Vacancies must be filled in the manner of original appointment for the unexpired portion of the term. Members shall serve without compensation, but are allowed mileage, subsistence, and per diem allowed by law for members of state boards, committees, and commissions.
HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010; 2012 Act No. 149, Section 1, eff April 23, 2012; 2014 Act No. 195 (S.812), Section 1, eff June 2, 2014; 2019 Act No. 1 (S.2), Section 46, eff January 31, 2019.
Effect of Amendment
The 2012 amendment rewrote item (1); and in item (2) substituted "Members not serving ex officio" for "Appointed members" in the first sentence, and added a comma after "without compensation" in the third sentence.
2014 Act No. 195, Section 1, in subsection (1), inserted "or a county designated as such at the time of appointment".
2019 Act No. 1, Section 46, inserted the (A) and (B) designators; in (A)(1), substituted "President of the Senate" for "President Pro Tempore of the Senate" in two places; and in (B), in the first sentence, substituted "President of the Senate" for "President Pro Tempore of the Senate".