8.520. Board to exercise powers, membership, meetings, no compensation. - Missouri Statutes

Board to exercise powers, membership, meetings, no compensation.

8.520. The powers of the authority are vested in and shall beexercised by a board consisting of three members: the governor, thelieutenant governor, and the attorney general. The speaker of the house ofrepresentatives and the president pro tempore of the senate shall serve asex officio members of the board but shall not have the power to vote. Thetreasurer of the state may serve as an ex officio member of the authoritybut shall not have the power to vote. Two members of the board constitutea quorum. The members shall elect a chairperson, vice chairperson, andsecretary, annually, and other officers as the members determine necessary.Meetings of the board shall be held at the call of the chairperson or whena majority of the members so request. The members of the board shall notreceive compensation by reason of their membership on the board.

(L. 2002 S.B. 1191)

Effective 6-07-02

*Section terminates upon satisfaction of all outstanding notes and obligations issued pursuant to sections 8.500 to 8.590. See section 8.589.