(a) (1) Meetings of the State Board of Finance shall be held:
(A) At least quarterly:
(i) Upon the call of the Governor or by any three (3) or more members; and
(ii) Upon advance notice to each member; and
(B) At a place that is convenient for the board.
(2) The meetings shall be conducted in accordance with the Freedom of Information Act of 1967, § 25-19-101 et seq., and complete records of the proceedings shall be kept.
(b) (1) Seven (7) members shall constitute a quorum for the transaction of business.
(2) The affirmative vote of a majority of members present is required to adopt a motion or resolution.
(c) The staff of an elected or appointed official of the board may provide any assistance requested by the board.