With the approval of the Governor, the Secretary shall appoint an executive director for the Commission from a list of at least 3 nominees submitted by the Commission. The executive director is in the executive service in the State Personnel Management System and serves at the pleasure of the Secretary. The executive director shall: collect the taxes and fees imposed under this title or regulations adopted by the Commission; keep the records and papers of the Commission, including a record of each proceeding; administer the licensing of individuals who work in connection with racing; prepare, issue, and submit reports of the Commission; administer the daily operation of the office of the Commission; and perform any other duty that the Commission directs. With the approval of the Commission, the executive director shall set the conditions under which a licensee must add to, change, make a reasonable improvement to, or repair property that a licensee owns or leases for racing. The executive director is entitled to: compensation in accordance with the State budget; and reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.