1. (a) The board is composed of:

   1. (1) six directors appointed in the manner provided by Subsection (b); and
   2. (2) the executive director of the South Plains Association of Governments.
2. (b) Before the term of an appointed director expires, the board, in consultation with the president of Texas Tech University, or the president's designee, shall appoint a person to serve as a successor director.

3. (c) The board shall make appointments of successor directors to the board so that places on the board are occupied by persons with experience in:

   1. (1) real estate;
   2. (2) finance;
   3. (3) manufacturing;
   4. (4) agriculture; and
   5. (5) national security-related technology or critical infrastructure technology.

Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.

Acts 2005, 79th Leg., Ch. 423 (S.B. 1751), Sec. 1, eff. June 17, 2005.

Acts 2013, 83rd Leg., R.S., Ch. 125 (S.B. 696), Sec. 1, eff. May 24, 2013.

Acts 2025, 89th Leg., R.S., Ch. 228 (H.B. 5092), Sec. 5, eff. September 1, 2025.