1. (1)

   1. (a) The term of each board member appointed under Subsection 11-59-302(2) is four years, except that the initial term of one of the members appointed under Subsection 11-59-302(2)(a) is two years and the member appointed under Subsection 11-59-302(2)(c) is two years.
   2. (b) At the time of making the appointments described in Subsection 11-59-302(2)(a), the governor shall designate the board member whose initial term is two years.
2. (2) Each board member shall serve until a successor is duly appointed and qualified.
3. (3) A majority of voting board members constitutes a quorum, and the action of a majority of a quorum constitutes the action of the board.

4. (4)

   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 expense 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 31, 2025 General Session