(a)      (1)      A majority of the voting members shall constitute a quorum for:

                  (i)      the transaction of any business; or

                  (ii)      the exercise of any power or the performance of any duty authorized or imposed by law.

            (2)      No formal action may be taken by the Board without the approval of a majority of the voting members of the Board.

      (b)      The Board shall set the times and places of its meetings.

      (c)      A member of the Board is entitled to:

            (1)      the compensation provided in the State budget; and

            (2)      reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.