Frequently Asked Questions 1. How many Members serve on the Board and how are they appointed? 2. What is the length of Board Members terms and how often do they meet? 3. Do the Members serve at the pleasure of the Governor? 4. Do Board Members represent certain areas of expertise? 5. How many Members must be present to conduct business? 6. How are Board Members compensated? 7. Are Board meetings open to the public? 8. How are the meetings advertised to the public? 9. How are the Board’s operations funded? 10. What are the primary duties of the Board? 11. What is the Unified Investment Program? 12. What types of investments may be made with these funds? 13. How are these investments managed? 14. What is the role of Board Members in these processes? 15. How do Board Members measure success in investing these funds? 16. What is the In-State Investment Program? 17. What types of loans are included in the In-State Loan Program? 18. Who is eligible to participate in this Program? 19. Must a business create jobs to be eligible for these loans? 20. Is there a maximum loan size? 21. Is there a minimum loan size? 22. What is the maximum level of Board participation in a loan? 23. How are interest rates set? 24. Does the Board charge a fee to make a loan? 25. Are interest rate reductions available if jobs are created? 26. What are the maximum terms of these loans? 27. Must Board Members approve these loans? 28. What is the INTERCAP Program and who is eligible to participate? 29. What types of bonds are issued and who purchases them? 30. How are interest rates set and how often? 31. What are the maximum terms of these loans? 32. Must Board Members approve these loans?