Section 64-9-105 - Board of directors(a) The authority is governed by a board of directors. The board consists of eleven (11) voting members as follows:(1) Two (2) members to be appointed by the governor;(2) Two (2) members to be appointed by the speaker of the house of representatives;(3) Two (2) members to be appointed by the speaker of the senate;(4) One (1) member to be appointed jointly by the speaker of the senate and the speaker of the house of representatives;(5) The governor, ex officio;(6) The commissioner of economic and community development, ex officio, or the commissioner's designee;(7) The commissioner of finance and administration, ex officio, or the commissioner's designee; and(8) The commissioner of general services, ex officio, or the commissioner's designee.(b) The term for a board member who does not serve ex officio is four (4) years. A board member who does not serve ex officio is eligible for reappointment and may serve a maximum of two (2) full terms; provided, however, that an appointment to fill an unexpired term as a result of a vacancy does not constitute a full term. At the expiration of a board member's term, the member may continue to serve until a successor is appointed or until the member is reappointed.(c) The terms for the initial board members who do not serve ex officio begin on November 1, 2021.(d) Six (6) board members constitute a quorum for the transaction of business. If a quorum is present, a vacancy on the board does not prevent the board from transacting business or otherwise taking an action authorized pursuant to this chapter.(e) The governor shall appoint a member of the board to serve as chair at the pleasure of the governor. The board may elect other officers as the board may deem appropriate.(f) The board shall meet at the call of the chair.(g) An ex officio board member shall not receive compensation for service as a board member, except that an ex officio board member, other than the governor, must be reimbursed for travel expenses incurred in the performance of the board member's official duties. Appointed board members receive two thousand dollars ($2,000) per month for the first three (3) years of the authority's existence, plus reimbursement for travel expenses incurred in the performance of the board member's official duties. After the first three (3) years of the authority's existence, an appointed board member shall only receive reimbursement for travel expenses for service as a board member. All reimbursement for travel expenses must be in accordance with the comprehensive travel regulations as promulgated by the department of finance and administration and approved by the attorney general and reporter.(h) A board member who is not an ex officio member and who is absent from three (3) consecutive meetings may be removed from the board by the governor, the appointing authority, or by majority vote of the entire membership of the board. The appointing authority may remove a board member appointed by that appointing authority for cause.(i) All board meetings must comply with the open meetings provisions compiled in title 8, chapter 44.(j) Each appointed member of the board shall disclose conflicts of interest in accordance with title 8, chapter 50, part 5.Added by 2021EX2 Tenn. Acts, ch. 1, s 1, eff. 11/3/2021.