(IV) 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.

(V) A MEMBER MAY BE REMOVED ONLY FOR CAUSE.

(VI) THE GOVERNOR SHALL DESIGNATE A CHAIRMAN FROM AMONG

THE MEMBERS.

(VII) ATTENDANCE BY A MAJORITY OF THE VOTING MEMBERS
SHALL CONSTITUTE A QUORUM.

(4) THE BOARD SHALL MEET AS OFTEN AS THE BOARD'S DUTIES
REQUIRE, BUT NO LESS THAN ANNUALLY TWICE A YEAR.

(5) (I) THE MEMBERS OF THE BOARD ARE SUBJECT TO THE
PROVISIONS OF THE MARYLAND PUBLIC ETHICS LAW.

(II) MEMBERS OF THE BOARD ARE NOT ENTITLED TO ANY
COMPENSATION OR OTHER EMOLUMENT, EXCEPT REASONABLE EXPENSES
INCURRED IN CONNECTION WITH ATTENDANCE AT MEETINGS AND WORKING
SESSIONS, AND FOR ANY SERVICES RENDERED AS A MEMBER OF THE BOARD.

(6) THE DEPARTMENT OF HUMAN RESOURCES SHALL PROVIDE STAFF
SUPPORT TO THE BOARD.

(G) (1) THE BOARD SHALL OVERSEE THE MANAGEMENT OF THE FUND.

(2) AT LEAST ONCE ANNUALLY, THE BOARD SHALL:

(I) REVIEW THE FINANCIAL STATUS OF THE FUND;

(II) DETERMINE IF EXPENDITURES FROM THE FUND ARE

WARRANTED;

(III) REVIEW REQUESTS FOR EXPENDITURES FROM THE FUND, AS
APPROPRIATE; AND

(IV) SUBJECT TO THE RESTRICTIONS IN SUBSECTION (H) OF THIS
SECTION, AUTHORIZE THE EXPENDITURE OF ANY MONEYS FROM THE FUND.

(C) (1) THE BOARD SHALL BE BRIEFED TWICE A YEAR BY THE GOVERNOR
AND THE APPROPRIATE STATE AGENCIES ON THE:

(I) FINANCIAL STATUS OF THE FUND; AND

(II) STATUS OF PROGRAMS THAT SERVE ECONOMICALLY
DISADVANTAGED CITIZENS OF THE STATE.

(2) THE BOARD SHALL ADVISE THE GOVERNOR ON EXPENDITURES
FROM THE FUND.