196.1103. Board established — appointment, terms, qualifications, expenses, appointment to life sciences committee not to disqualify for membership on board.

297 words·~1 min read·/mo/chapter-196/196-1103

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196.1103. Board established — appointment, terms, qualifications, expenses, appointment to life sciences committee not to disqualify for membership on board. — The management, governance, and control of moneys appropriated from the life sciences research trust fund shall be vested in the "Life Sciences Research Board" which is hereby created in the department of economic development as a type III agency and which shall consist of seven members. The following provisions shall apply to the life sciences research board and its members:

(1)Each member shall be appointed by the governor with the advice and consent of the senate pursuant to the procedures herein set forth for a term of four years; except that, of the initial members of the board appointed, three shall be appointed for two-year terms and four shall be appointed to four-year terms;

(2)The members of the board shall be generally familiar with the life sciences and current research trends and developments with either technical or scientific expertise in life sciences and with an understanding of the application of the results of life sciences research. The appointment of a person to the life sciences research committee created by Executive Order 01-10 issued by the governor on July 23, 2001, shall not disqualify a person from serving as a member, either contemporaneously or later, on the life sciences research board;

(3)No member of the life sciences research board shall serve more than two consecutive full four-year terms;

(4)The members of the life sciences research board shall receive no salary or other compensation for their services as a member of the board, but shall receive reimbursement for their actual and necessary expenses incurred in performance of their duties as members of the board.

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(L. 2003 H.B. 688, A.L. 2014 H.B. 1299 Revision)