Amend the amendment bearing file path 3579R067.EB.LKG, Amendment 31A, as and if amended, by adding an appropriately numbered new SECTION to read:
/ SECTION . Section 11-43-140 of the 1976 Code is amended to read:
"Section 11-43-140. (A) The board of directors is the governing board of the bank. The board consists of seven voting directors as follows: the Chairman of the Department of Transportation Commission, ex officio; one director appointed by the Governor who shall serve as chairman; one director appointed by the Governor; one director appointed by the Speaker of the House of Representatives; one member of the House of Representatives appointed by the Speaker, ex officio; one director appointed by the President Pro Tempore of the Senate; and one member of the Senate appointed by the President Pro Tempore of the Senate, ex officio. Directors appointed by the Governor, the Speaker, and the President Pro Tempore shall serve terms coterminous with those of their appointing authority. The terms for the legislative members are coterminous with their terms of office. The vice chairman must be elected by the board. Any person appointed to fill a vacancy must be appointed in the same manner as the original appointee for the remainder of the unexpired term. One director shall be elected from each transportation district, as defined in Section 57-1-310(A), for a term of four years.
(B) To elect a board member to represent a transportation district, the transportation district delegation shall meet upon written call of a majority of the members of the delegation at a time and place to be designated in the call. A majority present, either in person or by written proxy, of the delegation from a given transportation district constitutes a quorum for the purpose of electing a district commissioner. No person may be elected to the board who fails to receive a weighted majority vote of the members of the delegation.
(C) The delegation must be organized by the election of a chairman and a secretary, and the delegations of each transportation district shall adopt such rules as they consider proper to govern the election. Any absentee may vote by written proxy. When the election is completed, the chairman and the secretary of the delegation shall immediately transmit the name of the person elected to the Secretary of State who shall issue to the person, after he has taken the usual oath of office, a certificate of election as commissioner. The Governor shall then issue a commission to the person, and pending the issuance of the commission, the certificate of election is sufficient warrant to the person to perform all of the duties and functions of his office as commissioner. Each commissioner shall serve until his successor is elected and qualified.
(D) Legislators who represent any portion of a county located within a transportation district constitute the transportation district delegation. All members of the delegation are eligible to vote on candidates to represent the district on the commission. Voting shall be conducted based upon weighted voting that is proportional to the transportation district's total population in relation to the population of the district represented by each member." /
Renumber sections to conform.
Amend title to conform.