(a) The commission shall be composed of the following ten members:

(1) The Lieutenant Governor;

(2) The Commissioner of Agriculture;

(3) An appointee of the Governor who is not the Attorney General;

(4) The dean and coordinator of the College of Agricultural and Environmental Sciences of the University of Georgia;

(5) The director of experiment stations of the College of Agricultural and Environmental Sciences of the University of Georgia;

(6) The president of Foundation Seeds, Incorporated; and

(7) Four members who are farmers, to be appointed as follows:

(A) One member to be appointed by the Commissioner of Agriculture;

(B) One member to be appointed by the Georgia Farm Bureau Federation;

(C) One member to be appointed by the Georgia Seedmen's Association; and

(D) One member to be appointed by Foundation Seeds, Incorporated.

(b) The members of the commission shall enter upon their duties without further act or formality. The commission shall elect one of its members as chairman and another as vice-chairman. It shall also elect a secretary and a treasurer, who need not be members. The offices of secretary and treasurer may be combined in one person. The commission may make such bylaws for its government as deemed necessary but is under no duty to do so.

(c) Six members of the commission shall constitute a quorum necessary for the transaction of business, and a majority vote of those present at any meeting at which there is a quorum shall be sufficient to do and perform any action permitted the commission by this chapter. No vacancy on the commission shall impair the right of a quorum to transact any and all business of the commission.

(d) The members shall not receive compensation for their services but shall be reimbursed for actual expenses incurred in the performance of their duties.

(e) Members of the commission shall be accountable as trustees. They shall cause adequate books and records of all transactions of the commission, including records of income and disbursements of every nature, to be kept. The books and records shall be inspected and audited by the state auditor at least once in each year. The commission may require that an employee, an officer, member of the commission, or any person doing business with the commission post a bond, in an amount to be determined by the commission, for the faithful performance of the duties imposed upon such employee, officer, member of the commission, or person doing business with the commission. The principal of such bond of an officer, employee, or member of the commission shall be paid by the commission.