Sec. 58.012. BOARD OF DIRECTORS. (a) The authority is governed by a board of directors composed of the commissioner of agriculture, the director of the Institute for International Agribusiness Studies at Prairie View A&M University, and nine members appointed by the commissioner. Members of the board must be appointed in the numbers specified and from the following categories:
(1) one person who is an elected or appointed official of a municipality or county;
(2) four persons who are knowledgeable about agricultural lending practices;
(3) one person who is a representative of agricultural businesses;
(4) one person who is a representative of agriculture related entities, including rural chambers of commerce, foundations, trade associations, institutions of higher education, or other entities involved in agricultural matters; and
(5) two persons who represent young farmers and the interests of young farmers.
(b) The appointed members of the board serve staggered terms of two years, with the terms of four members expiring on January 1 of each even-numbered year and the terms of five members expiring on January 1 of each odd-numbered year.
(c) Any vacancy occurring in an appointed position on the board shall be filled by the commissioner for the unexpired term.
(d) Repealed by Acts 2003, 78th Leg., ch. 285, Sec. 31(2).
(e) A board member is not entitled to compensation for serving as a director but is entitled to reimbursement for actual and necessary expenses incurred in performing the official duties of office.
(f) Appointments to the board shall be made without regard to the race, color, disability, sex, religion, age, or national origin of the appointees.
(g) Notwithstanding Subsection (f), age may be considered by the commissioner in making appointments under Subsection (a)(5).
Added by Acts 1987, 70th Leg., 2nd C.S., ch. 32, art. 2, Sec. 1, eff. Oct. 20, 1987. Amended by Acts 1991, 72nd Leg., ch. 456, Sec. 1, eff. Sept. 1, 1991; Acts 1993, 73rd Leg., ch. 538, Sec. 1, eff. Jan. 1, 1994; Acts 1995, 74th Leg., ch. 419, Sec. 1.12, 5.11, eff. Sept. 1, 1995; Acts 2003, 78th Leg., ch. 285, Sec. 31(2), eff. Sept. 1, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.05, eff. September 1, 2009.
Structure Texas Statutes
Title 4 - Agricultural Organizations
Chapter 58 - Agricultural Finance Authority
Section 58.011. Creation of Authority; Public Purpose
Section 58.012. Board of Directors
Section 58.014. Meetings; Administrative Procedure
Section 58.015. Administration
Section 58.016. Fiscal Accounting of Administration
Section 58.017. Performance Measures
Section 58.0171. Review of Department Plans and Budget Request
Section 58.0172. Board Conflict of Interest
Section 58.0173. Removal of Board Member
Section 58.0174. Standards of Conduct
Section 58.0175. Separation of Responsibilities