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<section article="gec" article_name="Economic Development" number="5-407" title_number="5" title_name="Economic Development and Financial Assistance Programs" subtitle_number="4" subtitle_name="Maryland Industrial Development Financing Authority">
  <level label="a">
    <level label="1">
      <text>The Authority consists of the following nine members:</text>
      <level label="i">
        <text>seven members appointed by the Governor with the advice and consent of the Senate; and</text>
      </level>
      <level label="ii">
        <text>as ex officio members:</text>
        <level label="1">
          <text>the Secretary; and</text>
        </level>
        <level label="2">
          <text>the Treasurer or the Comptroller, as the Governor designates.</text>
        </level>
      </level>
    </level>
    <level label="2">
      <text>An ex officio member may designate a representative to serve on the Authority.</text>
    </level>
  </level>
  <level label="b">
    <text>The appointed members shall:</text>
    <level label="1">
      <text>have substantial experience in business or economic development; and</text>
    </level>
    <level label="2">
      <text>reflect the geographic, racial, ethnic, and gender makeup of the State.</text>
    </level>
  </level>
  <level label="c">
    <level label="1">
      <text>The term of an appointed member is 5 years.</text>
    </level>
    <level label="2">
      <text>The terms of the appointed members are staggered as required by the terms provided for members of the Authority on October 1, 2008.</text>
    </level>
    <level label="3">
      <text>At the end of a term, an appointed member continues to serve until a successor is appointed and qualifies.</text>
    </level>
    <level label="4">
      <text>A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.</text>
    </level>
  </level>
  <level label="d">
    <text>The Governor may remove an appointed member with or without cause.</text>
  </level>
</section>
