1. The Terrace Hill commission is created consisting of nine persons, appointed by the governor, who are knowledgeable in business management and historic preservation and renovation. The governor shall appoint the chairperson. The terms of the commission members are for three years beginning on July 1 and ending on June 30.
2. The Terrace Hill commission may consult with the Terrace Hill society, Terrace Hill foundation, the executive and legislative branches of this state, and other persons interested in the property.
3. The Terrace Hill commission may enter into contracts, subject to this chapter, to execute its purposes.
4. The commission may adopt rules to administer the programs of the commission. The decision of the commission is final agency action under chapter 17A.