1. (1) The term of a board member appointed under Subsection 11-58-302(2) is four years, except that the initial term of two of the three members appointed under Subsection 11-58-302(2)(a) is two years.
2. (2) Each board member shall serve until a successor is duly appointed and qualified.
3. (3) A board member may serve multiple terms if duly appointed to serve each term under Subsection 11-58-302(2).
4. (4) A majority of voting members constitutes a quorum, and the action of a majority of voting members constitutes action of the board.

5. (5)

   1. (a) A board member who is not a legislator may not receive compensation or benefits for the member's service on the board, but may receive per diem and reimbursement for travel expenses incurred as a board member as allowed in:

      1. (i) Sections 63A-3-106 and 63A-3-107; and
      2. (ii) rules made by the Division of Finance according to Sections 63A-3-106 and 63A-3-107.
   2. (b) Compensation and expenses of a board member who is a legislator are governed by Section 36-2-2 and Legislative Joint Rules, Title 5, Chapter 3, Legislator Compensation.

Amended by Chapter 24, 2025 General Session