(a) The regional council shall be composed of and governed by the following:

(1) County mayor of each county within the region;

(2) The mayor of each municipality within the region;

(3) The chief executive officer of any metropolitan government within the region;

(4) One (1) representative from an agency or organization dealing with problems of economic development or promotion appointed by the county mayor, county executive, or metropolitan mayor from each of the regional council's member counties;

(5) One (1) state senator selected from and by those senators whose districts are wholly or in part within the region;

(6) One (1) state representative selected from and by those representatives whose districts are wholly or in part within the region; and

(7) One (1) minority representative with knowledge of issues related to social equity and inclusion appointed by the county mayor, county executive, or metropolitan mayor from each of the regional council's member counties.

(b) The terms of office of the regional council shall be as follows:

(1) The state senator and representative shall serve on the council for two (2) years or until they leave the general assembly, whichever occurs first;

(2) All members of the regional council who are elected officials shall serve for four (4) years or until they cease to occupy the elected position entitling them to membership, whichever occurs first;

(3) All members of the regional council who are appointed by an elected official shall serve for four (4) years or until the expiration of the term of the official by whom such representative was appointed, whichever occurs first;

(4) Members may be reappointed; and

(5) A member ceases to belong to the regional council as soon as that member is no longer a member of the general assembly, the county mayor, the mayor, the chief executive officer of any metropolitan government or is an appointee of a person who no longer holds an elected position.

(c) The officers of the regional council shall be as follows:

(1) The officers of the regional council shall be a president, vice president and treasurer, who shall be elected annually from and by the regional council membership at the annual meeting, and a secretary who shall be the person serving as executive director of the regional council;

(2) The officers shall serve a term of one (1) year;

(3) Officers may be reelected; and

(4) In the event of death or permanent disability of any of the aforementioned officers, the vacancy shall be filled by a vote of the executive board for the unexpired term of the officer for the office that was so vacated.

(d) The regional council shall meet at least annually. The time and place of each meeting shall be determined by the executive board. An annual meeting shall be held for the purpose of electing officers, reviewing programs of the council, adopting of annual work program and budget, and other items that may be necessary to the operation of the regional council.