(a) The West Virginia College Savings Program is continued. The program consists of the savings plan administered according to this article and the requirements of 26 U.S.C. 529.
(b) The Board of Trustees of the College Prepaid Tuition and Savings Program is continued as a public instrumentality of the State of West Virginia: Provided, That the Board shall hereafter be known as the Board of Trustees of the West Virginia College and Jumpstart Savings Programs.
(c) The board consists of 11 members and includes the following:
(1) The State Treasurer, or his or her designee;