; or expansion of school facilities with growing populations, or to house new programs for workforce development. (v) Improvements in National, State, and local parks and recreation facilities and related open space land management. (e) Emergency procedures During the Bank’s first year of operation, or until the Bank has provided a total of $500,000,000,000 in loans, the Board may relax its selection criteria and procedures in favor of lending quickly for projects— (1) that reduce unemployment; (2) that address the backlog of critical, shovel-ready projects for which preliminary engineering or permitting is already completed; or (3) where there is a critical safety or other public need. 206. 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