Business and Economic Development -- Subcommittee -- Creation -- Membership -- Expenses.
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(1)
(a) There is created a subcommittee of the commission, called the Business and Economic Development Subcommittee, consisting of 15 members appointed by the chair of the commission, in consultation with the executive director, to four-year terms of office with the advice and consent of the Senate in accordance with Title 63G, Chapter 24, Part 2, Vacancies, including:
(i) a representative from a rural association of governments;
(ii) a rural representative of agriculture;
(iii) a rural representative of the travel industry;
(iv) a representative of rural utilities; and
(v) a representative from the oil, gas, or mineral extraction industry.
(b) Notwithstanding the requirements of Subsection (1)(a), the chair of the commission shall, at the time of appointment or reappointment, adjust the length of terms to ensure that the terms of board members are staggered so that approximately half of the subcommittee is appointed every two years.
(c) The members may not serve more than two full consecutive terms except where the chair of the commission determines that an additional term is in the best interest of the state.
(2) In appointing members of the committee, the chair of the commission shall ensure that:
(a) no more than eight members of the subcommittee are from one political party; and
(b) members represent a variety of geographic areas and economic interests of the state.
(3) When a vacancy occurs in the membership for any reason, the replacement shall be appointed for the unexpired term in accordance with Title 63G, Chapter 24, Part 2, Vacancies.
(4) Eight members of the subcommittee constitute a quorum for conducting board business and exercising board power.
(5) The chair of the commission shall select one subcommittee member as the subcommittee's chair and one member as the subcommittee's vice chair.
(6) A member may not receive compensation or benefits for the member's service, but may receive per diem and travel expenses in accordance with:
(a) Section 63A-3-106;
(b) Section 63A-3-107; and
(c) rules made by the Division of Finance under Sections 63A-3-106 and 63A-3-107.
(7) A member shall comply with the conflict of interest provisions described in Title 63G, Chapter 24, Part 3, Conflicts of Interest.
(8) Nothing in this section prohibits an individual who, on May 4, 2021, is a member of a board within the office known as the Board of Business and Economic Development from serving as a member of the GO Utah board.