Section 14-362-105 - Appointment of board(a) The management and control of each authority and its property, operations, business, and affairs shall be lodged in a board of directors of not less than six (6) nor more than twenty-four (24) persons who shall be appointed for terms of six (6) years each as provided in this section.(b)(1) The number of members of the board of directors that each of the participating governmental units is entitled to appoint to the board of directors shall be provided in the agreement under § 14-362-103.(2) However, each of the participating governmental units shall be entitled to appoint at least one (1) member to the board of directors and, if the state is a participant in the authority, the state shall be entitled to appoint a majority of the members of the board of directors.(3) A member of the board of directors shall be appointed by the mayor of each participating municipality, the county judge of each participating county, and the Governor.(c)(1) The members of the board of directors of an authority shall have staggered terms as follows: (A) One-third (1/3) of the members for six-year terms;(B) One-third (1/3) of the members for four-year terms; and(C) One-third (1/3) of the members for two-year terms.(2) Thereafter, all appointments shall be for six-year terms.(d)(1) All members of the board of directors appointed by the participating municipalities and counties shall be bona fide residents and qualified electors of the county or municipality which the members represent.(2) All members of the board of directors appointed by the state shall be bona fide residents of the state.(e)(1) Except as provided under subdivision (e)(2) of this section, a member of the board of directors shall not: (A) Participate in, vote on, influence, or attempt to influence an official decision of the board of directors if he or she has a pecuniary interest in the matter under consideration by the board of directors; or(B) Be a part of any discussion or vote on any matter that may exclusively benefit the member of the board of directors.(2) A member of the board of directors may participate in, vote on, influence, or attempt to influence an official decision of the board of directors if the only pecuniary interest that he or she accrues is: (A) Incidental to his or her position as a member of the board of directors; or(B) As a member of a profession, occupation, or large class to no greater extent than the pecuniary interest could reasonably be foreseen to accrue to all other members of the profession, occupation, or large class.(3) The provisions in this subsection supersede any conflicts in any provisions contained in an existing regional airport agreement.Amended by Act 2023, No. 769,§ 4, eff. 8/1/2023.Acts 1968 (1st Ex. Sess.), No. 17, §§ 5, 7; A.S.A. 1947, §§ 74-220, 74-222; Acts 1992 (1st Ex. Sess.), No. 56, § 3; 1992 (1st Ex. Sess.), No. 63, § 3.