Sec. 7. (a) A development authority is governed by a development board appointed under this section.
(b) A development board is composed of five (5) members appointed by written agreement of the executives of the members of the development authority.
(c) A member appointed to the development board:
(1) may not be an elected official or an employee of a member county or municipality; and
(2) must have knowledge of and at least five (5) years professional work experience in at least one (1) of the following:
(A) Transportation.
(B) Regional economic development.
(C) Business or finance.
(D) Private, nonprofit sector, or academia.