2005 North Carolina Code - General Statutes § 159D-68. Board of Directors.

§ 159D‑68.  Board of Directors.

(a)       Members. – The Board of Directors consists of seven voting members, as follows:

(1)       Two members appointed by the Governor.

(2)       Two members appointed by the General Assembly upon the recommendation of the President Pro Tempore of the Senate in accordance with G.S. 120‑121.

(3)       Two members appointed by the General Assembly upon the recommendation of the Speaker of the House of Representatives in accordance with G.S. 120‑121.

(4)       The State Treasurer of North Carolina or the Treasurer's designee.

(b)       Terms. – The initial terms of office begin on the date of appointment and expire on June 30, 2005. Board members appointed for subsequent terms shall serve terms of three years. Board members may serve up to two full consecutive three‑year terms. All members of the Board shall remain in office until their successors are appointed and qualify.

(c)       Vacancies. – A vacancy in an appointment made by the Governor shall be filled by the Governor for the remainder of the term. A vacancy in an appointment made by the General Assembly shall be filled in accordance with G.S. 120‑122 for the remainder of the term. A person appointed to fill a vacancy must qualify in the same manner as a person appointed for a full term.

(d)       Chair. – The members of the Board shall elect a Chair from among their members. The Chair shall serve in that position at the pleasure of the Board. (2003‑435, 2nd Ex. Sess., s. 7.1.)