; or expansion of school facilities with growing populations, or to house new programs for workforce development. (iv) Improvements in National, State, and local parks and recreation facilities and related open space land management. 8. Board of Directors (a) In general The Bank shall have a Board of Directors consisting of 25 members appointed by the President by and with the advice and consent of the Senate. (b) Qualifications The directors of the Board shall include individuals representing different regions of the United States and— (1) 12 of the directors shall have at least 15 years of industrial and engineering experience; (2) 1 director shall be from the AFL–CIO; (3) 2 of the directors shall be from North America’s Building Trades Unions; (4) 2 of the directors shall be from the United States Army Corp of Engineers; (5) 2 of the directors shall have State and local public sector experience; (6) 2 of the directors shall have finance experience; (7) 2 of the directors shall have economic development experience; and (8) 2 director shall represent minority communities or disadvantaged communities. (c) Chairperson and vice chairperson As designated at the time of appointment, one of the directors of the Board shall be designated chairperson of the Board by the President and one shall be designated as vice chairperson of the Board by the President. (d) Terms (1) In general Except as provided in paragraph (2), each director shall be appointed for a term of 6 years. (2) Initial staggered terms Of the initial members of the Board— (A) the chairperson and vice chairperson shall each be appointed for terms of 6 years; (B) 12 directors shall be appointed for a term of 4 years