7.1505 Appointment and terms.

Cite as [A.S.C.A. § 7.1505 ]

(a) Except for the Director and Treasurer, the members of the Board shall be appointed by the Governor and shall serve terms of 4 years each; provided, that of the trustees first appointed upon establishment of the Board, one shall be appointed for one year, one shall be appointed for 2 years, one shall be appointed for 3 years, and 2 shall be appointed for 4 years.

(b) A vacancy on the Board shall be filled by appointment of the Governor. The person appointed to fill a vacancy shall serve for the remainder of the unexpired term. If by the end of a term a trustee is not reappointed or a successor is not appointed, the trustee shall serve until his successor is appointed.

History: 1986, PL 19-55 § 1.