(a) The Institutional Release Classification Board shall classify any and all inmates seeking release from an institution for whatever reason.
(b) The Institutional Release Classification Board shall consist of 7 members:
(c) The 3 individuals to be appointed by the Criminal Justice Council shall receive compensation in the amount of $90 per meeting. However, no member so appointed shall receive compensation in excess of $4,000 per annum.
(d) The warden of the institution shall possess veto power over decisions of the Board and also shall possess discretionary authority to grant a furlough in the event of the sudden death of a member in an inmate's immediate family.