FOX WATERWAY-BOARD SALARY

Amends the Fox Waterway Agency Act. Provides that a member of the board of directors and the Chairman of the Fox Waterway Agency may be compensated at the discretion of the Board in the sum of up to $6,000 (rather than $3,000) per year for each director and up to $10,000 (rather than $5,000) per year for the Chairman, effective immediately upon approval of the Board. Provides that, at its discretion, the Board may adjust these amounts for inflation as determined by the Consumer Price Index for all urban consumers as determined by the United States Department of Labor and rounded to the nearest $100.