The members of the Board by law are entitled to receive reasonable compensation for their services, not to exceed $300.00 per month, unless a higher dollar figure be set by a local act. Actual compensation to be paid members of the Board shall be set, upon approval by a majority of the members of the Board, at an annual meeting in November. Any increase or decrease in compensation so approved shall take effect following the expiration of the next member’s term of office. Such compensation shall be in addition to the travel stipend and other necessary expenses incurred in attending meetings and transacting business of the Board.
The compensation, travel expenses, and other necessary expenses incurred shall be paid as other ordinary and necessary expenses of the Board. Members of the Board are encouraged to accept any and all compensation voted upon as approved by the majority of the Board.
SOURCE:
ADOPTED:
LEGAL
REF.: