(a) The Legislative Budget Board consists of:
(1) the lieutenant governor;
(2) the speaker of the house of representatives;
(3) the chairman of the senate finance committee;
(4) the chairman of the house appropriations committee;
(5) the chairman of the house ways and means committee;
(6) three members of the senate appointed by the lieutenant governor; and
(7) two other members of the house appointed by the speaker.
(b) The lieutenant governor and the speaker are joint chairs of the board.