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; [1995, c. 699, §3(NEW).]B. An attorney with knowledge of securities law; [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; [1995, c. 699, §3(NEW).]D. Three members of the public who have knowledge and experience in the development of technological innovation; and [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. [1995, c. 699, §3(NEW).] [2005, c. 425, §23(AMD).]
2.Officers. The board shall annually elect a chair, vice-chair and treasurer from among its members. [2021, c. 502, §4(AMD).]
3.Terms. The members other than the Commissioner of Economic and Community Development or the commissioner's designee serve for 3-year terms and may be reappointed for up to 2 consecutive terms. A member may serve for more than 2 3-year terms if the terms are not consecutive. [2021, c. 502, §5(AMD).]
4.Compensation. Members are entitled to compensation in accordance with Title 5, chapter 379. [1995, c. 699, §3(NEW).]
Amended by 2022, c. 502,§ 5, eff. 8/8/2022.Amended by 2022, c. 502,§ 4, eff. 8/8/2022.1995, c. 699, § 3 (NEW) . 1999, c. 504, § 3 (AMD) . 2005, c. 425, § 23 (AMD) .