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(1)
(a) Each rural county that seeks to obtain a grant under this chapter, shall create a CED board composed of at least the following members appointed by the county legislative body:
(i) a county representative;
(ii) a representative of a municipality in the county;
(iii) a workforce development representative;
(iv) a private-sector representative; and
(v) a member of the public who lives in the county.
(b) The county legislative body may also appoint additional members with experience or expertise in economic development matters.
(c) In appointing members of the CED board, the county legislative body may consider gender and socioeconomic diversity.
(2) Each CED board shall assist and advise the county legislative body on:
(a) applying for a grant under this chapter;
(b) what projects should be funded by grant money provided to a rural county under this chapter; and
(c) preparing reporting requirements for grant money received by a rural county under this chapter.