L. The Chief Executive Officer of the Finance Authority of Maine or the chief executive officer's designee; and

M. The Executive Director of the Maine State Retirement System or the executive director's designee.

2. Advisory members. Advisory members An advisory member must be appointed by the Legislative Council to represent the agencies of the Legislature that provide research and information to the Legislature and its committees and an advisory member must be appointed by the Chief Justice of the Supreme Judicial Court to ensure that the needs of the Legislature and the Judiciary are known and to inform them of available information, access and innovations to be considered. Advisory members must also be appointed by the Maine State Housing Authority, the Finance Authority of Maine, the Maine State Retirement System and the Maine Turnpike Authority. In addition, the Chancellor of the University of Maine System and the President of the Maine Technical College System each shall appoint an advisory member to ensure that the needs of state institutions of higher education are known and to encourage the development of compatible information systems and the sharing of information and technologies between educational institutions and agencies of State Government.

3. Terms of office. The voting and advisory members representing state agencies of, the Legislature, the Judiciary, the University of Maine System, and the Maine Technical College System and the office of the Governor shall serve for a period that coincides with the term of appointment to the agency they represent or to the term designated by the appointing authority, unless revoked sooner by the appointing authority. The members of the private sector serve 3-year terms, except that the initial term of one member is 2 years and the initial term of the other members is 3 years.

4. Expenses and compensation. All members are entitled to reimbursement for expenses in accordance with chapter 379. Members representing state agencies, the Executive Office Department, the Legislature, the University of Maine System, the Maine Technical College System and the Judiciary are reimbursed for expenses from the budgets of the departments they represent.

A. The members of the board are not entitled to compensation.