Section 45-58-7 - Compensation of the board - Employees of the utility district(a) Each member of the board of utility commissioners shall be entitled to receive compensation of not less than twenty-five dollars ($25.00) per year for attendance at scheduled and special meetings of the board of utility commissioners, and shall be entitled to reimbursement of the actual and necessary expenses incurred in the performance of his or her official duties. The salaries, compensation and expenses of all members and officers of the board, and all employees and agents of the utility district, shall be paid solely out of funds of the utility district. No part of the earnings of the utility district shall inure to the benefit of any private person.(b) The board shall appoint general managers and may enter into employment contracts with its executive employees. The board shall have the authority to approve employee benefit plans, including fringe benefits such as but not limited to pension and health and disability and other insurances.(c) No member of the board of utility commissioners shall directly or indirectly engage or participate in the proceeds of any contract or agreement to supply anything of value or receive anything of value from the utility district. The prohibition set forth in the subsection may be waived by a vote of five (5) members of the board of utility commissioners, if and only if the board of utility commissioners shall have first obtained an opinion of the attorney general and/or the Rhode Island ethics commission based on full disclosure of all relevant facts that the waiver does not contravene state law and is otherwise in the best interests of the consumers served by the utility district. P.L. 2001, ch. 12, § 1; P.L. 2001, ch. 47, § 1; P.L. 2010, ch. 274, § 1; P.L. 2010, ch. 297, § 1.