(a) Notwithstanding any other provision of law, the compensation of the members of the Birmingham City Board of Education shall be as follows:
(1) Beginning on May 9, 2001, and thereafter, each member of the Birmingham City Board of Education shall be entitled to receive compensation in the amount of three hundred dollars ($300) per month.
(2) Beginning on May 9, 2001, and thereafter, each member of the Birmingham City Board of Education shall be entitled to receive an expense allowance in the amount of four hundred dollars ($400) per month.
(b) The compensation and expense allowance provided by this section shall be paid in the same manner and from the same source as compensation and expense allowances for members of the board of education are currently paid.
(c) All compensation and expense allowance payments made to members of the Birmingham City Board of Education before May 9, 2001, are ratified, confirmed, and approved.