The compact committee shall:
(1) annually elect, from its members:
(i) a chair;
(ii) a vice chair; and
(iii) a secretary/treasurer;
(2) (i) adopt bylaws for the conduct of its business;
(ii) publish the bylaws in a convenient form; and
(iii) file a copy of the bylaws, including any amendments, with the secretary of state, or its equivalent agency, of each party state; and
(3) delegate day-to-day management and administration of its duties, as needed, to an executive director and support staff, who shall be considered governmental employees.