Ch. 620                                        1994 LAWS OF MARYLAND

(6) MAY NOT HAVE HAD WITHIN 2 YEARS BEFORE APPOINTMENT A
SUBSTANTIAL FINANCIAL INTEREST IN A PERSON REGULATED BY THE BOARD.

(E)     WHILE A MEMBER OF THE BOARD, THE CONSUMER MEMBER MAY NOT
HAVE A SUBSTANTIAL FINANCIAL INTEREST IN A PERSON REGULATED BY THE
BOARD.

(F)      BEFORE TAKING OFFICE, EACH APPOINTEE TO THE BOARD SHALL TAKE
THE OATH REQUIRED BY ARTICLE I, § 9 OF THE STATE CONSTITUTION.

(G)     (1) THE TERM OF A MEMBER IS 3 YEARS.

(2)      THE TERMS OF MEMBERS ARE STAGGERED AS REQUIRED BY THE
TERMS PROVIDED FOR MEMBERS OF THE BOARD ON JULY 1, 1994.

(3)      AT THE END OF A TERM, A MEMBER CONTINUES TO SERVE UNTIL A
SUCCESSOR IS APPOINTED AND QUALIFIES.

(4)      A MEMBER MAY NOT SERVE MORE THAN TWO CONSECUTIVE FULL
TERMS.

(5)      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.

(H) THE GOVERNOR MAY REMOVE A MEMBER FOR INCOMPETENCE OR
MISCONDUCT.

1A-203.

FROM AMONG ITS MEMBERS, THE BOARD SHALL ELECT OFFICERS IN A
MANNER AND FOR TERMS THAT THE BOARD DETERMINES.

1A-204.

(A)     A MAJORITY OF THE FULL AUTHORIZED MEMBERSHIP OF THE BOARD IS
A QUORUM.

(B)     THE BOARD SHALL MEET AT LEAST ONCE EVERY 3 MONTHS, AT THE
TIMES AND PLACES THAT IT DETERMINES.

(C)      EACH MEMBER OF THE BOARD IS ENTITLED TO:

(1)      COMPENSATION IN ACCORDANCE WITH THE STATE BUDGET; AND

(2)      REIMBURSEMENT FOR EXPENSES UNDER THE STANDARD STATE
TRAVEL REGULATIONS, AS PROVIDED IN THE STATE BUDGET.

(D)     THE BOARD MAY EMPLOY A STAFF IN ACCORDANCE WITH THE STATE
BUDGET.                                                                                            

1A-205.

(A) IN ADDITION TO THE POWERS SET FORTH ELSEWHERE IN THIS TITLE, THE
BOARD MAY ADOPT:

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