Seven (7) members who shall be appointed by the Governor of Puerto Rico, shall constitute the Board of Directors of the Puerto Rico Housing Financing Authority. Two (2) of them shall be ex-officio members, who are: the Secretary of the Department of Housing, who shall chair the Board of Directors; the Chairperson of the Board of Directors of the Government Development Bank for Puerto Rico. The Board shall also be constituted by three (3) additional members of the Board of Directors of the Government Development Bank for Puerto Rico, designated from among its members, and two members from the private sector.
History —Aug. 11, 2001, No. 103, § 5, renumbered as § 4 and amended on July 31, 2002, No. 107, § 4.