(1) The Foothills Technical Institute Board of Directors shall become the Board of Advisors to Arkansas State University-Searcy, a technical campus of Arkansas State University-Beebe. The directors on June 30, 2003, shall continue their terms as members of the advisory board.
(2) The Arkansas State University-Searcy local board of advisors will be appointed or reappointed by the President of the Arkansas State University System upon recommendations presented by the Chancellor for Arkansas State University-Beebe and the Vice Chancellor of Arkansas State University-Searcy.
(3) Appointment shall be for a term of five (5) years and for no more than two (2) consecutive terms.