(a) Notwithstanding section 471.705, subdivision 1, the rural finance authority may conduct a meeting of its members by telephone or other electronic means so long as the following conditions are met:
- (1) all members of the authority participating in the meeting, wherever their physical location, can hear one another and can hear all discussion and testimony;
- (2) members of the public present at the regular meeting location of the authority can hear all discussion and testimony and all votes of members of the authority;
- (3) at least one member of the authority is physically present at the regular meeting location; and
- (4) all votes are conducted by roll call, so each member's vote on each issue can be identified and recorded.