View Amendment Current Amendment: 3516R108.SP.TD.docx to Bill 3516     Senator DAVIS proposed the following amendment (3516R108.SP.TD):
    Amend the bill, as and if amended, by adding an appropriately numbered new SECTION to read:
/     SECTION     __.     Section 11-43-140 of the 1976 Code is amended to read:

    "Section 11-43-140.     (A)     The board of directors is the governing board of the bank. The board consists of seven voting directors as follows: the Chairman of the Department of Transportation Commission, ex officio; one director appointed by the Governor who shall serve as chairman; one director appointed by the Governor; one director appointed by the Speaker of the House of Representatives; one member of the House of Representatives appointed by the Speaker, ex officio; one director appointed by the President Pro Tempore of the Senate; and one member of the Senate appointed by the President Pro Tempore of the Senate, ex officio. Directors appointed by the Governor, the Speaker, and the President Pro Tempore shall serve terms coterminous with those of their appointing authority. The terms for the legislative members are coterminous with their terms of office. The vice chairman must be elected by the board. Any person appointed to fill a vacancy must be appointed in the same manner as the original appointee for the remainder of the unexpired term. The board shall be composed of one member from each congressional district, all appointed by the Governor, upon the advice and consent of the Senate. In making appointments to the board, the Governor shall take into account race, gender, and other demographic factors, such as residence in rural or urban areas, so as to represent, to the greatest extent possible, all segments of the population of the State; however, consideration of these factors in making an appointment in no way creates a cause of action or basis for an employee grievance for a person appointed or for a person who fails to be appointed.
    (B)     The qualifications that each board member must possess include, but are not limited to:
        (1)     a baccalaureate or more advanced degree from:
            (a)     a recognized institution of higher learning requiring face-to-face contact between its students and instructors prior to completion of the academic program;
            (b)     an institution of higher learning that has been accredited by a regional or national accrediting body; or
            (c)     an institution of higher learning chartered before 1962; or
        (2)     a background of at least five years in any combination of the following fields of expertise:
            (a)     transportation;
            (b)     construction;
            (c)     finance;
            (d)     law;
            (e)     environmental issues;
            (f)     management; or
            (g)     engineering."         /

    Renumber sections to conform.
    Amend title to conform.