(a) The board consists of:
- (1) the comptroller;
- (2) two members appointed by the governor with the advice and consent of the senate; and
- (3) four members appointed by the lieutenant governor, at least two of whom must be appointed from a list of persons recommended by the speaker of the house of representatives.
- (b) The appointed members must possess knowledge, skill, and experience in higher education, business, or finance.
- (c) The appointed members serve for staggered six-year terms. The terms of one-third of the appointed members expire on February 1 of each odd-numbered year.
Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.