§384. Board

1.  Establishment; membership.  There is established as a body corporate and politic and a public instrumentality of the State the Small Enterprise Growth Board, which consists of 11 members appointed by the Governor as follows:

A. An experienced commercial lender;   [PL 1995, c. 699, §3 (NEW).]

B. An attorney with knowledge of securities law;   [PL 1995, c. 699, §3 (NEW).]

C. Five members of the public who have knowledge and experience in managing or investing in high-growth small businesses;   [PL 1995, c. 699, §3 (NEW).]

D. Three members of the public who have knowledge and experience in the development of technological innovation; and   [PL 1995, c. 699, §3 (NEW).]

E. The Commissioner of Economic and Community Development or the commissioner's designee, who shall serve as a voting ex officio member of the board.   [PL 1995, c. 699, §3 (NEW).]

[PL 2005, c. 425, §23 (AMD).]

2.  Chair.  The board shall annually elect a chair from among its members.

[PL 1995, c. 699, §3 (NEW).]

3.  Terms.  The members other than the Commissioner of Economic and Community Development or the commissioner's designee serve for 2-year terms and may be reappointed for up to 3 consecutive terms. A member may serve for more than 3 2-year terms if the terms are not consecutive.

[PL 1999, c. 504, §3 (AMD).]

4.  Compensation.  Members are entitled to compensation in accordance with Title 5, chapter 379.

[PL 1995, c. 699, §3 (NEW).]

SECTION HISTORY

PL 1995, c. 699, §3 (NEW). PL 1999, c. 504, §3 (AMD). PL 2005, c. 425, §23 (AMD).