Maryland Statutes
Part II - Maryland Small Business Development Financing Authority
Section 5-506 - Membership

(a)    The Authority consists of the following nine members:
        (1)    seven members appointed by the Governor;
        (2)    the Secretary or the Secretary’s designee; and
        (3)    (i)    the Comptroller or the Treasurer as designated by the Governor; or
            (ii)    the designee of the Governor’s designee.
    (b)    (1)    The term of an appointed member is 5 years.
        (2)    The terms of appointed members are staggered as required for appointments to the Authority on October 1, 2008.
        (3)    At the end of a term, an appointed member continues to serve until a successor is appointed and qualifies.
        (4)    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.
    (c)    The Governor may remove an appointed member for cause.

Structure Maryland Statutes