(1) (a) The board is composed of eight members, seven of whom are voting members who the governor appoints for terms of four years. (b) The executive director of the Governor's Office of Management and Budget or the executive director's designee is a nonvoting member of the board.

(a) The board is composed of eight members, seven of whom are voting members who the governor appoints for terms of four years.

(b) The executive director of the Governor's Office of Management and Budget or the executive director's designee is a nonvoting member of the board.

(2) Notwithstanding the requirements of Subsection (1)(a), the governor shall, at the time of a member's appointment or reappointment, adjust the length of the member's term to ensure that approximately half of the board is appointed every two years.

(3) When a vacancy occurs in the membership of the board for any reason, the governor shall appoint a replacement for the unexpired term of the member who created the vacancy.

(4) Each board member shall hold office until the governor appoints and qualifies a successor, but no member may serve more than two consecutive terms.

(5) The governor shall designate one member as the chair of the board.

(6) A member of the board may not receive compensation or benefits for the member's service on the board, but may receive per diem and travel expenses in accordance with: (a) Section 63A-3-106; (b) Section 63A-3-107; and (c) rules made by the Division of Finance in accordance with Sections 63A-3-106 and 63A-3-107.

(a) Section 63A-3-106;

(b) Section 63A-3-107; and

(c) rules made by the Division of Finance in accordance with Sections 63A-3-106 and 63A-3-107.

(7) A member of the board is not required to post a bond for the performance of the member's official duties.

(8) The department shall provide the board administrative and staff services and necessary space and equipment.