Current with changes from the 2024 Legislative Session
Section 5-506 - Membership(a) The Authority consists of the following nine members:(1) seven members appointed by the Governor;(2) the Secretary or the Secretary's designee; and(3)(i) the Comptroller or the Treasurer as designated by the Governor; or(ii) the designee of the Governor's designee.(b)(1) The term of an appointed member is 5 years.(2) The terms of appointed members are staggered as required for appointments to the Authority on October 1, 2008.(3) At the end of a term, an appointed member continues to serve until a successor is appointed and qualifies.(4) A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.(c) The Governor may remove an appointed member for cause.