(a) Each trustee is entitled to one vote on the Board of Trustees. (b) A majority of the trustees then serving on the Board of Trustees is a quorum for: (1) the transaction of any business; (2) the exercise of any power; or (3) the performance of any duty authorized or imposed by law. (c) The Board of Trustees shall set the times and places of its meetings. (d) A trustee: (1) may not receive compensation from the several systems for service as a trustee; but (2) is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
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