Under current law, WEDC has a 14-member board with 12 voting members. Six members, appointed by the governor, serve staggered four-year terms. The Assembly Speaker and Senate Majority Leader each appoint three members. Under the new bill, both legislative leaders would appoint four members each, to serve staggered four-year terms. Both legislative leaders would also each appoint one person each to serve one four-year term, expiring Sept. 1, 2019. The governor would continue to have six appointees, bringing the number of voting members on the WEDC board to 16, until Sept. 1, when it would go down to 14.

Hogan said WEDC did not ask for those changes, and said he is "happy to be here if the board decides I should stay on."

WEDC's liaison for the state's Foxconn project would be appointed and supervised by the board, not by the governor's administration. That's a change from the Foxconn legislation, which would place the position under the supervision of the Department of Administration.

Verification requirements to determine the eligibility of tax credit recipients would change. Under current law, WEDC must annually verify information submitted by tax credit recipients before a company can claim a credit. The bill removes that requirement.