(1) The commission shall elect one of its members as chair. The commission may be convened at such times as the chair deems necessary, and a majority shall constitute a quorum for the transaction of business.
(2)(a) Except as provided in (b) of this subsection, the lease of parkland or property for a period exceeding twenty years requires the affirmative vote of at least five members of the commission.
(b) With the affirmative vote of at least five members of the commission, the commission may enter into a lease for up to sixty-two years for property at Saint Edward state park. The commission may only enter into a lease under the provisions of this subsection (2)(b) if the commission finds that the department of commerce study required by section 3, chapter 103, Laws of 2016 fails to identify an economically viable public or nonprofit use for the property that is consistent with the state parks and recreation commission's mission and could proceed on a reasonable timeline. The lease at Saint Edward state park may only include the following:
(i) The main seminary building;
(ii) The pool building;
(iii) The gymnasium;
(iv) The parking lot located in between locations identified in (b)(i), (ii), and (iii) of this subsection;
(v) The parking lot immediately north of the gymnasium; and
(vi) Associated property immediately adjacent to the areas listed in (b)(i) through (v) of this subsection.