1. The Board shall elect officers from its members and, by regulation, establish the: (a) Offices to which members may be elected; (b) Title and term for each office; and (c) Procedure for electing members to each office. 2. At any meeting, five members constitute a quorum. 3. Each member is entitled to receive: (a) A salary of not more than $150 per day, as fixed by the Board, while engaged in the business of the Board; and (b) A per diem allowance and travel expenses, at a rate fixed by the Board, while engaged in the business of the Board. The rate must not exceed the rate provided for state officers and employees generally. 4. While engaged in the business of the Board, each employee of the Board is entitled to receive a per diem allowance and travel expenses at a rate fixed by the Board. The rate must not exceed the rate provided for state officers and employees generally. 5. The salaries of members of the Board and employees of the Board must be paid from the fees received by the Board pursuant to the provisions of this chapter, and no part of those salaries may be paid out of the State General Fund. 6. The Board shall appoint an Executive Director who serves at the pleasure of the Board and is entitled to receive such compensation as may be fixed by the Board.
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