1. The board of directors of the foundation shall consist of nine voting members and nine ex officio, nonvoting members as follows:
a. Nine members appointed by the governor and confirmed by the senate pursuant to section 2.32 for the terms determined by the board at its first meeting which shall not exceed three years. Of these nine members, two shall be chosen from the three names submitted by the governing bodies of the three statewide labor organizations representing building trades and manufacturing employees, one shall be chosen from production agriculture, at least one shall be chosen from a food processing business, at least one shall be chosen from a biotechnology business, and at least two shall be chosen from manufacturing businesses. Also, two of these members shall be chosen from businesses with fewer than one hundred employees.
b. The following nine ex officio, nonvoting members with one member appointed by each of the following persons: the speaker of the house of representatives, the minority leader of the house of representatives, the president of the senate, after consultation with the majority leader and the minority leader of the senate, and the minority leader of the senate, after consultation with the president of the senate, the president, or the president's designee, of the university of northern Iowa, the state university of Iowa, and Iowa state university, and one person each, with a preference given to persons with experience in manufacturing technology transfer, chosen by the Iowa association of community college presidents and the Iowa association of independent colleges and universities.
2. The board of directors shall be bipartisan and gender- balanced in accordance with sections 69.16 and 69.16A and shall be as geographically balanced as possible. The appointing authorities in subsection 1 shall coordinate their appointments to ensure that the provisions of this subsection are met.
3. The terms of the members shall be staggered as determined by vote of the board at its first meeting after July 1, 1993. A vacancy shall be filled by the appointing authority. Members are eligible for actual expense reimbursement while fulfilling duties of the board. The board shall elect a chairperson from among its members.
89 Acts, ch 258, § 15 ~ICS89, § 28.154 ~I90 Acts, ch 1168, § 10; 90 Acts, ch 1223, § 12; 90 Acts, ch 1262, § 29; 92 Acts, ch 1188, § 1--;3 ~IC93, § 15E.154 ~I93 Acts, ch 49, §3
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