(a) The board consists of:
(1) the comptroller;
(2) two members appointed by the governor with the advice and consent of the senate; and
(3) four members appointed by the lieutenant governor, at least two of whom must be appointed from a list of persons recommended by the speaker of the house of representatives.
(b) The appointed members must possess knowledge, skill, and experience in higher education, business, or finance.

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Terms Used In Texas Education Code 54.606

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
  • Year: means 12 consecutive months. See Texas Government Code 311.005

(c) The appointed members serve for staggered six-year terms. The terms of one-third of the appointed members expire on February 1 of each odd-numbered year.