A. There is hereby created the School Finance Review Commission consisting of: 1. A member appointed by and serving at the pleasure of the Governor whose term shall begin not later than March 1, 2021; 2. A member appointed by and serving at the pleasure of the Lieutenant Governor whose term shall begin not later than March 1, 2021; 3. A member appointed by and serving at the pleasure of the Speaker of the House of Representatives whose term shall begin not later than March 1, 2021; 4. A member appointed by and serving at the pleasure of the Minority Leader of the House of Representatives whose term shall begin not later than March 1, 2021; 5. A member appointed by and serving at the pleasure of the President Pro Tempore of the Senate whose term shall begin not later than March 1, 2021; 6. A member appointed by and serving at the pleasure of the Minority Leader of the Senate whose term shall begin not later than March 1, 2021; 7. The Executive Director of the Office of Educational Quality and Accountability or his or her designee who is an employee of the Office of Educational Quality and Accountability who shall be an ex officio and nonvoting member; and 8. The State Superintendent or his or her designee who is an employee of the State Department of Education who shall be an ex officio and nonvoting member. B. Thereafter persons shall be appointed by the appointing authority for terms of four (4) years beginning on January 1, or until the Commission expires. Any vacancy shall be filled by the appointing authority for the remainder of the unexpired term. C. No voting member shall be appointed to the Commission who at the time of his or her appointment is an elected official. Any person who is appointed to the Commission who subsequently becomes an elected official during his or her term on the Commission shall be required to vacate his or her position on the Commission. D. The Educational Quality and Accountability Commission shall provide staff and administrative support to the School Finance Review Commission. The State Department of Education shall assist the Educational Quality and Accountability Commission as needed in providing staff and administrative support to the School Finance Review Commission. E. The Commission shall hold its meetings in compliance with the Oklahoma Open Meeting Act. F. No person appointed to the Commission shall be permitted to receive travel reimbursement or compensation.
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