41-1505.05 - Arizona Statutes

41-1505.05. Commerce and economic development commission A. The commerce and economic development commission is established. The commission shall consist of eight members who are appointed by the governor in accordance with section 38-211 and the director of the department of commerce. The director of the department of commerce shall serve as chairman of the commission. B. The commission shall: 1. Develop, revise and submit to the director a long-range strategic plan and conduct other study activities as appropriate. 2. Review and make recommendations for the department's annual plan. 3. Develop policies for use by the department in evaluating requests for grants and other financial assistance programs. 4. Issue and make reports as required by law. 5. Provide for the administration of the fund established by section 41-1505.10. 6. Advise the department as needed. C. Each person appointed to the commission shall have training and experience in at least one of the following areas: 1. Finance. 2. International trade. 3. Business management. 4. Environment. 5. Economics. 6. Economic development. D. Five members of the commission constitute a quorum for the purpose of conducting business, and an affirmative vote of the majority of members present at any meeting is sufficient for any action to be taken. E. Except for the director of the department of commerce, members of the commission shall serve three-year terms beginning and ending on the third Monday in January. F. By a vote of at least seven members of the commission, the commission may delegate to one or more of its members or to any of its agents or employees those powers and duties deemed appropriate. G. Members of the commission are not eligible to receive compensation but are eligible for reimbursement of expenses pursuant to title 38, chapter 4, article 2.