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Section 1. The Senate shall be composed of three conferences; the Republican Conference, the Democratic Conference and the Independent Democratic Conference. Designation of the leaders and members of each conference shall be filed in the Senate Journal upon the approval of the Majority Coalition Leaders. The leaders of such conferences, referred to in these rules as Conference Leaders, shall not serve in their respective capacities for longer than eight years. The Republican Conference and the Independent Democratic Conference shall together comprise the Majority Coalition. The Republican Conference Leader and the Independent Democratic Conference Leader shall together be the Majority Coalition Leaders.