[PART VI. 
COUNCIL ON REVENUES]



 



§37-111  Council on revenues.  (a) 
There shall be a council on revenues which shall prepare revenue estimates of
the state government for the fiscal year in progress and for each of the
ensuing fiscal years of the six-year state program and financial plan.  The
council shall report the estimates and revisions thereto to the governor and
the legislature each June 1, September 10, January 10, and
March 15.  The council shall revise and update such estimates if it
determines that such revisions are necessary or upon request of the governor or
the legislature.



(b)  The council on revenues shall consist of
seven members.  Three members shall be appointed by the governor to serve for
four-year terms.  Because cumulative experience and continuity in office are
essential to the proper administration of this chapter, it is declared to be in
the public interest to continue board members in office as long as efficiency
is demonstrated, notwithstanding the provision of section 26-34, which limits
the appointment of a member of a board or commission to two terms.  Two members
each shall be appointed by the president of the senate and the speaker of the
house of representatives to serve for an unlimited number of two-year terms. 
The members shall appoint from their own membership the person who shall serve
as chairperson of the council.  Any vacancy shall be filled by the respective
appointing authority.  Members shall not receive compensation but shall be
reimbursed for reasonable expenses incurred in the performance of their duties.



(c)  The council shall meet as often as
necessary to perform its duties.  Section 92-3 shall not apply to meetings of
the council where confidential tax information is discussed.



(d)  The council shall be in the department of
taxation for administrative purposes.  The departments of budget and finance
and taxation shall provide the council with such staff assistance and technical
support as it may require and all departments and agencies of the executive branch
shall furnish the council with such information as deemed necessary by the
council to prepare revenue estimates. [L 1980, c 278, pt of §1; am L 1985, c
62, §2; gen ch 1993]