Section 1-16E-4.1 - Membership of Board of Directors of Value Added Finance Authority. - South Dakota Statutes

1-16E-4.1. Membership of Board of Directors of Value Added Finance Authority. The Board of Directors of the Value Added Finance Authority consists of seven members appointed by the Governor. No more than four members may be of the same political party. For the initial board, the Governor shall appoint four members to four-year terms and three members to two-year terms. Thereafter, the term of each member is four years. A member appointed to fill a vacancy occurring other than by expiration of a term is appointed for the remainder of the unexpired term.

Source: SL 1994, ch 318, § 2, as amended by SL 1995, ch 4, § 4.