(a) The commission consists of five commissioners appointed by the governor and confirmed by the legislature in joint session. To qualify for appointment as a commissioner, a person must
- (1) be a member in good standing of the Alaska Bar Association with at least five years of actual experience in the practice of law;
- (2) be a professional engineer registered under AS 08.48; or
- (3) have a degree from an accredited college or university with a major in finance, economics, accounting, business administration, or public administration and at least five years of actual experience in the field associated with the degree.