(a) Subject to the approval of the Governor, the Mediation Service may:
(1) appoint a board of arbitration to settle a dispute; and
(2) provide:
(i) as the Mediation Service considers proper, for compensation of up to $5 for each day that a member of a board is engaged in its duties; and
(ii) for other necessary expenses of a board.
(b) The Chief Mediator may serve on a board.