(1) There is created a Project Management Committee within the division.
(2)
(a) The committee shall be comprised of one representative appointed by:
(i) the division director;
(ii) the board; and
(iii) each of the participating districts.
(b) The division representative is the chair of the committee.
(3)
(a) The members shall serve a four-year term.
(b) When a vacancy occurs in the membership for any reason, the replacement shall be appointed for the unexpired term in the same manner as the vacated member was appointed.
(4)
(a) A majority of the members of the committee constitute a quorum of the committee.
(b) The action of a majority of a quorum constitutes the action of the committee.
(5) The committee shall:
(a) consult with the board on a regular basis concerning:
(i) the development and construction of the project;
(ii) the operation, maintenance, repair, and replacement of the project; and
(iii) the prices of developed water and electricity; and
(b) approve all expenditures from the fund created in Section 73-28-404.