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<br /> <br />HB 301 2025 <br /> <br /> <br /> <br />CODING: Words stricken are deletions; words underlined are additions. <br />hb301-00 <br />Page 51 of 80 <br />F L O R I D A H O U S E O F R E P R E S E N T A T I V E S <br /> <br /> <br /> <br />operate for the benefit of the board and in the best interest of 1251 <br />the state. 1252 <br /> (e) Operate under a fiscal year that begins on July 1 of 1253 <br />each year and ends on June 30 of the following year. 1254 <br /> (f) Have a seven-member board of directors, five of whom 1255 <br />are to be appointed by the board and must be registrants 1256 <br />regulated by the board and two of whom are to be appointed by 1257 <br />the secretary and must be laypersons not regulated by the board. 1258 <br />All appointments shall be for 4-year terms. No member shall 1259 <br />serve more than two consecutive terms. Failure to attend three 1260 <br />consecutive meetings shall be deemed a resignation from the 1261 <br />board, and the vacancy shall be filled by a new appointment. 1262 <br /> (g) Select its officers in accordance with its bylaws. The 1263 <br />members of the board of directors who were appointed by the 1264 <br />board may be removed by the board. 1265 <br /> (h) Select the president of the management corporation, 1266 <br />who shall also serve as executive director to the board, subject 1267 <br />to approval of the board. 1268 <br /> (i) Use a portion of the interest derived from the 1269 <br />management corporation account to offset the costs associated 1270 <br />with the use of credit cards for payment of fees by applicants 1271 <br />or licensees. 1272 <br /> (j) Operate under a written contract with the department 1273 <br />which is approved by the board. The contract must provide for, 1274 <br />but is not limited to: 1275