(a)    An elected member of the county board is entitled to reimbursement for travel and other expenses as provided by the Montgomery County Council.

(b)    (1)    An elected member of the county board is entitled to receive:

(i)    $25,000 annually as compensation; or

(ii)    An annual salary set through legislation based on the recommendations of the Montgomery County Board of Education Compensation Commission in accordance with Title 28, Subtitle 1A of the Local Government Article.

(2)    The president of the county board is entitled to receive:

(i)    $29,000 annually as compensation; or

(ii)    An annual salary set through legislation based on the recommendations of the Montgomery County Board of Education Compensation Commission in accordance with Title 28, Subtitle 1A of the Local Government Article.

(3)    An elected member is entitled to health insurance and to other fringe benefits regularly provided to employees of the board of education under the same terms and conditions extended to other employees of the board of education.

(c)    (1)    The student member may not receive compensation but, after submitting expense vouchers, may be reimbursed for out–of–pocket expenses incurred in connection with official duties.

(2)    A student member who completes a full term on the county board shall be granted a scholarship of:

(i)    $5,000 to be applied toward the student’s higher education costs; or

(ii)    A scholarship set through legislation based on the recommendations of the Montgomery County Board of Education Compensation Commission in accordance with Title 28, Subtitle 1A of the Local Government Article.