(a) The compact membership shall meet annually for the purpose of transacting the following business:
- (1) Hear reports and make recommendations to the board of directors regarding the compact and its progress in meeting its purposes.
- (2) Set annual membership dues, and create additional associate, non-voting membership categories.
- (3) Elect officers and a board of directors.
- (4) Adopt necessary bylaws consistent with this article.
- (5) Adopt modifications to this compact, which shall become effective only by consent of the Legislature by joint resolution.
- (b) The first annual compact membership meeting for the transaction of the above business shall be held on Constitution Day, September 17, 1994, and annually thereafter on a date fixed by the compact membership. Special meetings of the compact may be called by the board of directors with notice as provided in the bylaws. A quorum shall consist of a majority of the member parties of the compact.
(Acts 1994, No. 94-482, p. 799, §3.)