NY Arts & Cult Aff L § 40.05 (2021)
2021 New York Laws ACA - Arts and Cultural Affairs Title P - New York State Cultural Education Trust Article 40 - New York State Cultural Education Trust 40.05 - New York State Cultural Education Trust.

§  40.05.  New  York  state cultural education trust. 1. A trust to be   known as the "New York state cultural education trust" is hereby created   under the  jurisdiction  of  the  state  education  department  and  its   existence  shall  commence  with  the  appointment of the members of the   board as provided herein.2. The board shall consist of five members as follows: the  chancellor   of  the  board of regents of the university of the state of New York, or   his or her designee from the board of regents, who shall  serve  as  the   chair; one additional member of the board of regents, to be appointed by   such  chancellor;  one  member  appointed  by  the  governor; one member   appointed by the majority leader of the senate; and one member appointed   by the speaker of the assembly. Members of the  board,  other  than  the   representative  of the board of regents, shall be appointed to the board   based on their knowledge and background as relevant to the  purposes  of   the  trust,  or,  due to their experience and knowledge in the fields of   New York state history,  collection  display  and  management  or  other   related fields.3.  The  member  of  the board of regents appointed to the board shall   serve at the pleasure of the chancellor of  the  board  of  regents  and   shall  serve  a  term  equivalent  to his or her term as a member of the   board of regents. The chancellor may reappoint the same  member  of  the   board  of  regents  as  his  or her appointee for so long as such regent   remains a member of the board of regents.4. The initial terms of the appointees of the governor, the speaker of   the assembly and the majority leader of the senate shall  be  staggered,   with the governor's appointment expiring after one year and the majority   leader  of  the  senate's and the speaker of the assembly's appointments   expiring after three years. All subsequent  appointments  shall  be  for   three years.5.  Members  may  be  reappointed  and  may serve two consecutive full   terms, in addition to the terms of their original appointments, but  not   more  than  nine consecutive years. Each member shall continue in office   until such member's successor has been  appointed  and  qualifies.  Such   continuation  in  office  shall  not be counted in determining whether a   member has served nine consecutive years. In  the  event  of  a  vacancy   occurring  in  the  office of any member of the board, other than by the   expiration of a member's term, such vacancy  shall  be  filled  for  the   balance  of the unexpired term, if applicable, in the same manner as the   original appointment.6. The members of the board  shall  serve  without  compensation,  but   shall  be  entitled  to  reimbursement  of  their  actual  and necessary   expenses incurred in the performance of their official duties.7. The powers of the trust shall be  vested  in  and  exercised  by  a   majority of the members thereof.