(a) A reward in excess of five hundred dollars ($500.00) for information which has assisted in the solving of a crime shall be awarded at the discretion of the board of directors upon submittal of a recommendation as provided in section 2-708(b) of this article and shall require the concurring vote of the majority present.
(b) The board of directors shall have the final authority to determine the amount of the reward when the recommended reward exceeds five hundred dollars ($500.00) and such determination shall give consideration to the relative significance of the arrest and the recommendation of the case officer.
