[PART VI. COUNCIL ON REVENUES]

 

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

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

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

(d)  The council shall be in the department oftaxation for administrative purposes.  The departments of budget and financeand taxation shall provide the council with such staff assistance and technicalsupport as it may require and all departments and agencies of the executive branchshall furnish the council with such information as deemed necessary by thecouncil to prepare revenue estimates. [L 1980, c 278, pt of §1; am L 1985, c62, §2; gen ch 1993]