§ 9-5. Board of directors.

(a) In general.

The fiscal agent shall be governed by and administered by a Board of Directors.

(b) Number and appointment.

(1) The number of voting members of the full Board may not be less than 9, excluding vacancies, and no more than 20.

(2) The Board may increase or decrease its membership, within the limits specified in this subsection, in its bylaws.

(3) The Board members shall be appointed and serve the terms prescribed by the Board's bylaws.

(1) Ex-officio members.

(i) Of the voting members of the Board:

(A) 1 shall be the Director of the Mayor's Office of Children and Family Success or the Director's designee; and

(B) 1 shall be the City Council President or a City Councilmember designated by the City Council President.

(ii) Of the non-voting members of the Board:

(A) 1 shall be the City Solicitor or the City Solicitor's designee; and

(B) 1 shall be the Director of Finance or the Director's designee.

(2) Diversity.

(i) In general.

The Board shall reflect a diverse economic, social, and racial mix.

(ii) Youth participation.

(A) In this subparagraph, "youth" means an individual between the ages of 14 and 25, inclusive.

(B) Except as provided in sub-subparagraph (C), at least one-third of the Board shall consist of youth members.

(C) The Board of Estimates may waive the requirement in sub-subparagraph (B) if the Board of Estimates finds that the Fund's Board has taken reasonable and diligent efforts to comply with that requirement and that those efforts have failed.

(d) Bylaws.

(1) The Board must adopt bylaws for the administration of the fiscal agent. However, those bylaws may not be inconsistent with the terms of this subtitle or of City Charter Article I, § 13 {"Children and Youth Fund"}.

(2) The initial bylaws required by this subsection must be approved by the Board of Estimates before taking effect.

(3) Subsequent amendments to the initial bylaws must be filed with the Board of Estimates before taking effect.

(e) Board of Directors approval required.

No funds may be disbursed from the Fund without the prior approval of the Board of Directors.

(f) Staff.

The Board may employ staff to carry out the fiscal agent's day-to-day operations.