The Board of Regents shall make initial appointments to the Council under paragraph (2) not later than 180 days after December 16, 2003.
Except as provided in this subsection, each appointed member of the Council shall be appointed for a term of 3 years.
A member of the Council may be reappointed, except that no individual may serve on the Council for a total of more than 2 terms. For purposes of this paragraph, the number of terms an individual serves on the Council shall not include any portion of a term for which an individual is appointed to fill a vacancy under paragraph (4)(B).
Except as provided in paragraph (2), a member of the Council shall serve without pay.
A member of the Council shall be allowed travel expenses, including per diem in lieu of subsistence, at rates authorized for an employee of an agency under subchapter I of chapter 57 of title 5, while away from the home or regular place of business of the member in the performance of the duties of the Council.
By a majority vote of its voting members, the Council shall elect a chairperson from its members.