Sec. 57.13. COMPOSITION OF BOARD OF DIRECTORS

(a) The corporation is governed by a board of nine directors in accordance with this section.

(b) The governor, with the advice and consent of the senate, shall appoint the members of the board as follows:

(1) four members who must have knowledge of or experience in finance, including management of funds or business operations;

(2) one member who must be a student enrolled at a postsecondary educational institution for the number of credit hours required by the institution to be classified as a full-time student of the institution; and

(3) four members who must be members of the faculty or administration of a postsecondary educational institution that is an eligible institution for purposes of the Higher Education Act of 1965, as amended.

(c) Appointments to the board shall be made without regard to the race, color, disability, sex, religion, age, or national origin of the appointees.

(d) Repealed by Acts 2011, 82nd Leg., 1st C.S., Ch. 4, Sec. 54.03, eff. September 28, 2011.

(e) Each member of the board must be a Texas resident.

Added by Acts 1979, 66th Leg., p. 1711, ch. 706, Sec. 1, eff. Aug. 27, 1979. Amended by Acts 1989, 71st Leg., ch. 985, Sec. 3, eff. Sept. 1, 1989; Acts 2003, 78th Leg., ch. 1170, Sec. 15.01, eff. Sept. 1, 2003. Amended by: Acts 2005, 79th Leg., Ch. 221 , Sec. 2, eff. September 1, 2005. Acts 2011, 82nd Leg., 1st C.S., Ch. 4 , Sec. 54.01, eff. September 28, 2011. Acts 2011, 82nd Leg., 1st C.S., Ch. 4 , Sec. 54.03, eff. September 28, 2011.