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(1) There is created the Deep Technology Talent Advisory Council to make recommendations to the board in the board's administration of the deep technology talent initiative described in Section 53B-26-302.
(2) The advisory council shall consist of the following members:
(a) two members who have extensive experience in deep technology in the private sector appointed by the president of the Senate;
(b) two members who have extensive experience in deep technology in the private sector appointed by the speaker of the House of Representatives;
(c) a representative of the board appointed by the chair of the board;
(d) a representative of the Governor's Office of Economic Opportunity appointed by the executive director of the Governor's Office of Economic Opportunity;
(e) one member of the Senate appointed by the president of the Senate;
(f) one member of the House of Representatives appointed by the speaker of the House of Representatives; and
(g) other specialized industry experts who may be invited by a majority of the advisory council to participate as needed as nonvoting members.
(3) The board shall provide staff support for the advisory council.
(4)
(a) One of the advisory council members appointed under Subsection (2)(a) shall serve an initial term of two years and one of the advisory council members appointed under Subsection (2)(b) shall serve an initial term of two years.
(b) Except as described in Subsection (4)(a), all other advisory council members shall serve an initial term of four years.
(c) Successor advisory council members upon appointment or reappointment shall each serve a term of four years.
(d) When a vacancy occurs in the membership for any reason, the replacement shall be appointed by the initial appointing authority for the unexpired term.
(e) An advisory council member may not serve more than two consecutive terms.
(5) A vote of a majority of the advisory council members is necessary to take action on behalf of the advisory council.
(6) The duties of the advisory council include reviewing, prioritizing, and making recommendations to the board regarding proposals for funding under the deep technology talent initiative described in Section 53B-26-302.
(7) A member may not receive compensation or benefits for the member's service, but a member who is not a legislator may receive per diem and travel expenses in accordance with:
(a) Sections 63A-3-106 and 63A-3-107; and
(b) rules made by the Division of Finance pursuant to Sections 63A-3-106 and 63A-3-107.