Maine Revised Statutes

§384. Board

1. Establishment; membership.  There is established as a body corporate and politic and a public instrumentality of the State the Small Enterprise Growth Board, which consists of 11 members appointed by the Governor as follows:
A. An experienced commercial lender; [1995, c. 699, §3 (NEW).]
B. An attorney with knowledge of securities law; [1995, c. 699, §3 (NEW).]
C. Five members of the public who have knowledge and experience in managing or investing in high-growth small businesses; [1995, c. 699, §3 (NEW).]
D. Three members of the public who have knowledge and experience in the development of technological innovation; and [1995, c. 699, §3 (NEW).]
E. The Commissioner of Economic and Community Development or the commissioner's designee, who shall serve as a voting ex officio member of the board. [1995, c. 699, §3 (NEW).]
[ 2005, c. 425, §23 (AMD) .]
2. Chair.  The board shall annually elect a chair from among its members.
[ 1995, c. 699, §3 (NEW) .]
3. Terms.  The members other than the Commissioner of Economic and Community Development or the commissioner's designee serve for 2-year terms and may be reappointed for up to 3 consecutive terms. A member may serve for more than 3 2-year terms if the terms are not consecutive.
[ 1999, c. 504, §3 (AMD) .]
4. Compensation.  Members are entitled to compensation in accordance with Title 5, chapter 379.
[ 1995, c. 699, §3 (NEW) .]
SECTION HISTORY
1995, c. 699, §3 (NEW). 1999, c. 504, §3 (AMD). 2005, c. 425, §23 (AMD).