North Carolina § 143-711 - Board of directors.

§ 143-711. Board of directors.

The General Assembly also approves the provisions in the Consent Decree concerning the governance of the Golden LEAF Foundation by 15 directors holding staggered, four-year terms, five directors to be appointed by the Governor of the State of North Carolina, one of whom shall be the Chair of the Rural Infrastructure Authority created in G.S. 143B-472.128, or the Chair's designee, five by the President Pro Tempore of the North Carolina Senate, and five by the Speaker of the North Carolina House of Representatives; and that the Governor shall appoint the first Chair among the Governor's appointees, and the directors shall elect their own Chair from among their number for subsequent terms. Members of the General Assembly shall not be appointed to serve on the board of directors while serving in the General Assembly. It is the intent of the General Assembly that the Governor, Speaker of the House of Representatives, and President Pro Tempore of the Senate, in appointing directors to the Golden LEAF Foundation, shall, in their sole discretion, include among their appointments representatives of tobacco production, tobacco manufacturing, tobacco-related employment, health, and economic development interests, with each appointing authority selecting at least two directors from these interests. It is also the intent of the General Assembly that the appointing authorities, in appointing directors, shall appoint members that represent the geographic, gender, and racial diversity of the State. History (1999-2, ss. 2(c), 5; 2013-360, s. 15.10A(a); 2020-78, s. 6.2(a), (b).) Editor's Note. - Session Laws 2020-78, s. 6.2, provides: "Chapter 143 of the General Statutes is amended by adding a new Article 74A, to be entitled 'Golden LEAF Foundation.' Section 1 of S.L. 1999-2 is codified as G.S. 143-710 , to be entitled 'Golden LEAF Foundation.' Section 2(c) of S.L. 1999-2, as amended by Section 15.10A(a) of S.L. 2013-360, is codified as G.S. 143-711 , to be entitled 'Board of directors.' Section 3 of S.L. 1999-2 is codified as G.S. 143-712 , to be entitled 'Articles of incorporation; reporting.' Section 4 of S.L. 1999-2 is repealed. Section 5 of S.L. 1999-2 is codified as G.S. 143-711 (b). Section 6 of S.L. 1999-2, as amended by Section 6.11(d) of S.L. 2011-145, Section 7(b) of S.L. 2011-391, and Section 6.4(b) of S.L. 2013-360, is codified as G.S. 143-713 , to be entitled 'Use of funds.'" Session Laws 2020-78, s. 22.1, provides: "Except for statutory changes or other provisions that clearly indicate an intention to have effects beyond the 2019-2021 fiscal biennium, the textual provisions of this act apply only to the 2019-2021 fiscal biennium." Session Laws 2020-78, s. 22.3, is a severability clause. Effect of Amendments. - Session Laws 2020-78, s. 6.2(b), effective July 1, 2020, added the subsection designations, substituted "Golden LEAF Foundation" for "nonprofit corporation" in subsections (a) and (b); substituted "shall not" for "may not" in the second sentence of subsection (a); and made minor stylistic changes.