The elected members and parliamentary members of the Local Finance Committee are appointed for three years; their term of office may be renewed.
They cease to be members of the committee if they lose the elective office on account of which they were appointed.
If a full member ceases to be a member of the committee, he or she is replaced by the alternate provided for in the tenth paragraph of Article L. 1211-2. If this alternate member also ceases to be a member of the committee, the provisions of the last paragraph of Article L. 1211-2 are applied.