The fiscal agent shall be governed by and administered by a Board of Directors. The number of voting members of the full Board may not be less than 13, excluding vacancies, and no more than 21. The Board may increase or decrease its membership, within the limits specified in this subsection, in its bylaws. The Board members shall be appointed and serve the terms prescribed by the Board’s bylaws. Of the voting members of the Board:1 shall be the Mayor or the Mayor’s designee; 1 shall be the City Council President or a member of the City Council designated by the City Council President; and 1 shall be a member of the Baltimore City Youth Commission, as determined by an affirmative vote of at least a majority of a quorum of the Baltimore City Youth Commission. Of the non-voting members of the Board:1 shall be the City Solicitor or the City Solicitor’s designee; and 1 shall be the Director of Finance or the Director’s designee. The Board shall reflect the economic, social, cultural, and geographic diversity of the City and shall reflect the racial demographics of the City, as reflected in the most recent, publicly-available United States Census data on Baltimore City youth ages 0-24 years old. In this subparagraph, “youth” means an individual between the ages of 14 and 25, inclusive. Except as provided in sub-subparagraphs (C) and (D), at least 1/3 of the Board shall consist of youth members. No more than 1 time in a fiscal year, the Board of Estimates may waive the requirement in sub-subparagraph (B) if the Board of Estimates finds that:the Fund’s Board has taken reasonable and diligent efforts to comply with that requirement; those efforts have failed; and the Board creates and submits to the Board of Estimates a plan to restore the youth membership to at least one-third of the total Board. If the Board’s youth membership is less than 2 youth members, the Board shall immediately notify the Board of Estimates and shall present the Board of Estimates with a plan for restoring youth Board membership to a minimum of 2 youth Board members and shall carry out that plan within 90 days of presenting the plan. The Board must adopt bylaws for the administration of the fiscal agent. However, those bylaws may not be inconsistent with the terms of this subtitle or of <cite data-doc="City of Baltimore, Md., Charter" data-path="I|§13">City Charter Article I, § 13</cite> {“Children and Youth Fund”}. The initial bylaws required by this subsection must be approved by the Board of Estimates before taking effect. Subsequent amendments to the initial bylaws must be filed with the Board of Estimates before taking effect. No funds may be disbursed from the Fund without the prior approval of the Board of Directors. The Board may employ staff to carry out the fiscal agent’s day-to-day operations. Ord. 20-363 Ord. 22-124