A. There is established the Arizona state lottery commission consisting of five members who shall be citizens and residents of this state and appointed by the governor pursuant to section 38-211. No more than three members may be from the same political party. The term of members appointed to the commission is five years. The commission members shall annually elect one of the members to serve as chairman of the commission.

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B. At least one member of the commission shall have a minimum of five years’ experience in law enforcement.

C. At least one member of the commission shall have a minimum of five years’ experience as a certified public accountant.

D. At least one member of the commission shall have a minimum of five years’ experience in marketing or advertising, or both.

E. At least one member of the commission shall have a minimum of five years’ experience in convenience store, minimart or grocery retailing.

F. Any member of the commission may be removed from office by the governor for cause upon notice and opportunity to be heard at a public hearing.

G. Members of the commission are eligible to receive compensation pursuant to section 38-611.

H. The commission shall hold at least one meeting each quarter.

I. No commission member may have a pecuniary interest in any contract or agreement to which the commission is a party.

J. No action of the commission is binding unless taken at a meeting with at least three members present voting in favor of the action in question.