(a) (1) The Executive Director of the Arkansas Economic Development Commission shall be appointed by the Governor subject to confirmation by the Senate.
(2) The executive director shall serve at the pleasure of the Governor.
(b) The executive director shall:
(1) Have the experience necessary to lead the Arkansas Economic Development Commission as determined by the Governor;
(2) Be custodian of all property held in the name of the commission; and
(3) Be the ex officio disbursing agent of all funds available for the commission's use.
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