The compact committee shall have the following voting requirements: each official shall be entitled to one vote on the compact committee; a majority vote of the total number of officials on the compact committee shall be required to: admit another party state; issue or renew a racing license; and receive or distribute any funds; a two-thirds majority vote of the total number of officials on the compact committee shall be required to adopt, amend, or rescind the bylaws; all other actions by the compact committee shall require a majority vote of those officials who are present for the vote; and no action may be taken by the compact committee unless a quorum of the officials on the compact committee is present for the vote.