(a)
(1) There is created within the Department of Parks, Heritage, and Tourism the War Memorial Stadium Commission consisting of eight (8) members to be appointed by the Governor with the advice and consent of the Senate.
(2) The department has exclusive jurisdiction for the operation of the stadium in Little Rock, Arkansas, known as “War Memorial Stadium”, which shall be for the use of all the schools, colleges, and universities of the state under the supervision of the department.
(b) Each congressional district of the state shall be represented by membership on the commission, and the other four (4) members shall be from the state at large.
(c) Members of the commission appointed by the Governor under this subchapter, in addition to possessing the qualifications of an elector, shall reside in the State of Arkansas.
(d)
(1) The Secretary of State shall, within ten (10) days and without charge therefor, furnish a certificate to each individual so appointed by the Governor, whereupon the appointee shall, within fifteen (15) days thereafter, notify the Governor and the Secretary of State, in writing, of his or her acceptance of the appointment.
(2) If an appointee fails to give notice of acceptance within the time required, then the appointment is void, and the Governor shall make another appointment.
(e) Each member shall be appointed to a seven-year term commencing on January 15 following the expiration date of the preceding member's term and ending on January 14 of the seventh year following the year in which the term commenced.
(f) Any vacancies arising in the membership of the commission for any reason other than expiration of the terms for which the members were appointed shall be filled by appointment by the Governor, to be thereafter effective until the expiration of such terms.
(g) Before entering upon his or her respective duties, each member of the commission shall take, subscribe, and file in the office of the Secretary of State an oath to support the United States Constitution and the Arkansas Constitution and to faithfully perform the duties of the office upon which he or she is about to enter and that he or she will not be or become interested, either directly or indirectly, in any contract made by the department concerning the commission.
(h)
(1) A member of the commission who violates his or her oath of office is guilty of a misdemeanor and upon conviction shall be punished by a fine of not less than five hundred dollars ($500) or by imprisonment for not less than six (6) months, or by both such fine and imprisonment.
(2) A member who has been convicted of a misdemeanor is ineligible for continued membership on the commission, and any contract so entered into shall be null and void.
(i) The Governor shall designate a member of the commission as Chair of the War Memorial Stadium Commission, and the member so designated shall serve as chair at the pleasure of the Governor with advice from the Secretary of the Department of Parks, Heritage, and Tourism.
(j)
(1) All meetings of the commission shall be held on call by the chair with the consent of the secretary, or by any four (4) or more members with the consent of the secretary, on advance notice to each member and at such place as in each instance may suit the commission's and the secretary's convenience.
(2) All meetings under subdivision (j)(1) of this section shall be open to the public, and complete records of the proceedings shall be kept.
(k)
(1) A quorum for the transaction of business at any meeting shall consist of not fewer than four (4) members, and a quorum has the power to act for the commission by an affirmative vote of a majority of the quorum, except that the affirmative vote of not fewer than four (4) members is required for the adoption of any motion or resolution involving the expenditure of funds.
(2) An action agreed to by the commission under subdivision (k)(1) of this section is subject to the approval of the secretary.