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(a) There is created the Arkansas Lifeline Individual Verification Effort Corporation.
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(b) The corporation shall be governed by a seven-member board of directors appointed by the Governor as follows:
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(1) Three (3) board members shall be consumers; and
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(2) Four (4) board members shall be representatives of eligible telecommunications carriers.
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(c)
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(1) The Governor shall appoint representatives of eligible telecommunications carriers after consulting representatives of eligible telecommunications carriers.
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(2) The appointments made by the Governor under subdivision (c)(1) of this section shall be subject to confirmation by the Senate.
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(d) The initial appointments shall be for terms that will result in two (2) board members serving a one-year term, two (2) board members serving a two-year term, and three (3) board members serving a three-year term. All successors shall serve three-year terms.
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(e) The Governor shall designate one (1) of the board members to preside over the initial meeting of the board, at which meeting the board shall elect a president, a secretary, and such other officers as it deems appropriate.
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(f) Members of the board shall serve without compensation but may be reimbursed for reasonable expenses. However, no corporate money shall be used for out-of-state travel expenses.
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(g) All vacancies on the board shall be filled in the same manner as the original appointments.
