(b) The board shall be composed of nine members: three members shall be appointed by the Treasurer, three members by the Controller, and three members by the Attorney General. Each appointing office shall appoint one member who meets each of the following criteria:

1. (1) An engineer, architect, or other professional with knowledge and expertise in building construction or design.
2. (2) An accountant, economist, or other professional with knowledge and expertise in evaluating financial transactions and program cost-effectiveness.
3. (3) A technical expert in energy efficiency, clean energy, or energy systems and programs.

(d) The board shall do all of the following:

1. (1) Annually review all expenditures from the Job Creation Fund.
2. (2) Commission and review an annual independent audit of the Job Creation Fund and of a selection of projects completed to assess the effectiveness of the expenditures in meeting the objectives of this division.
3. (3) Publish a complete accounting of all expenditures each year, posting the information on a publicly accessible Internet Web site.
4. (4) Submit an evaluation of the program to the Legislature identifying any changes needed to meet the objectives of this division.