; and (B) uses such funds only for such purposes and in accordance with the uses determined by such board. (d) Community shared savings board For purposes of this section, a community shared savings board, with respect to a participating community (which may be a county) within a participating State, is a board— (1) consisting of at least 7 members, appointed by the governing officials of the community through such a process that is specified by the community (and approved by the State), including— (A) at least 1 member with public health experience; and (B) members with business, civic, educational, or faith-based experience; (2) that is representative of the geographic components that are included in the community; and (3) that hires a fiduciary agent to manage a community shared savings account on behalf of the board. (e) Community shared savings account For purposes of this section, the term community shared savings account means, with respect to a participating community within a participating State, a trust created or organized in the United States for the exclusive benefit of the community, as defined by the community shared savings board under subsection (d) for such participating community, but only if the written governing instrument creating the trust meets the following requirements: (1) The trustee is a bank (as defined in section 408(n) of the Internal Revenue Code of 1986) or such other person who demonstrates to the satisfaction of the Director that the manner in which such other person will administer the trust will be consistent with the requirements of this section. (2) No contribution will be accepted unless it is in cash. (3) Withdrawals may only be made by the fiduciary agent described in subsection (d)(3) hired by such board pursuant to a plan developed by the community and approved by the State and local government.