Fin. Code, § 32321 · Article 3. Board of Directors
Fin. Code, § 32321
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) The official members of the board shall be:
(1) A member of the Governor’s cabinet, or his or her designee.
(2) One member of the Energy Commission, selected and appointed by the members of the Energy Commission.
(b) The public members of the board shall be:
(1) One member selected and appointed by the Senate Rules Committee.
(2) One member selected and appointed by the Speaker of the Assembly.
(3) Two members selected and appointed by the Governor as follows:
(A) One member with a minimum three years’ experience as an owner, partner, officer, or employee of a California-based small business.
(B) One member with a minimum three years’ experience as an officer or employee of a financial institution.
Notes and commentary — not statutory text
History
Amended by Stats. 2004, Ch. 25, Sec. 5. Effective March 17, 2004.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=32321.
- Text hash
- sha256 d0e2dc439bb3553a04d15db98d3c61fef69001a9c62729ce8d7dbd48338c2056
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
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Financial Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.