Current with changes from the 2024 Legislative Session
Section 10-104 - Membership(a)(1) The Board consists of 14 trustees.(2) The nonvoting trustees are:(ii) a member of the House of Delegates, appointed by the Speaker of the House; and(iii) a member of the Senate, appointed by the President of the Senate.(3) With the advice and consent of the Senate, the Governor shall appoint 11 voting trustees, consisting of: (i) four representatives of the public; and(ii) one representative of each of the following:1. title companies doing business in the State;2. financial institutions doing business in the State;3. political subdivisions;4. nonprofit housing developers;5. for profit housing developers;6. public housing authorities; and7. social services providers.(b) In appointing trustees, the Governor shall consider geographic representation.(c) Service as a trustee is not a State office or State employment for purposes of any prohibition against holding two public positions.(d)(1) The term of a voting trustee is 4 years.(2) The terms of voting trustees are staggered as required by the terms provided for voting trustees on October 1, 2005.(3) At the end of a term, a voting trustee continues to serve until a successor is appointed and qualifies.(4) A voting trustee who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.