(a) (1) There is a Maryland College Savings Bond Advisory Board.
(2) The purpose of the Board is to advise the Board of Public Works on the issuance of college savings bonds authorized under § 8–123.3 of the State Finance and Procurement Article.
(b) The Board shall consist of the following four members:
(1) The State Treasurer;
(2) The Secretary of Higher Education; and
(3) Two members appointed by the Governor.
(c) Factors to be considered in appointing members to the Board may include:
(1) Experience, skill, or knowledge in the areas of public finance and investment banking; or
(2) Experience in the field of higher education finance.
(d) The Treasurer shall serve as chair of the Advisory Board.