(1) A political subdivision may authorize a board member who serves on a board within or created by the political subdivision to receive per diem and travel expenses for meetings actually attended at a rate that the political subdivision establishes, subject to Subsection (2).
(2) A political subdivision may not establish rates for payment of per diem and travel expenses described in Subsection (1) that exceed the rates established in accordance with:
(a) Section 63A-3-106;
(b) Section 63A-3-107; and
(c) a rule adopted by the Division of Finance in accordance with Sections 63A-3-106 and 63A-3-107.
(3) Nothing in this section limits or supercedes the authority of a political subdivision to set compensation in accordance with Section 10-3-818, 11-13-403, 17-75-501, 17-76-503, 17B-1-307, or 17D-1-305.