(1) There is created the Colorado economic development commission in the Colorado office of economic development, referred to in this article 46 as the "commission". (2) (a) The commission consists of the governor or the governor's designee and ten members who shall be appointed as follows: (I) Four members appointed by the governor, one of whom must be from west of the continental divide and one of whom must be from the eastern slope from a predominantly rural area; (II) Three members appointed by the speaker of the house of representatives, one of whom must have advanced industry business and research experience. In making this appointment, the speaker shall give preference to a person whose experience is in more than one advanced industry. (III) Three members appointed by the president of the senate, one of whom must have advanced industry business and research experience. In making this appointment, the president shall give preference to a person whose experience is in more than one advanced industry. (b) A member of the general assembly shall not be appointed as a member of the commission. (c) A member serves at the pleasure of the member's appointing authority. (d) As used in this subsection (2), "advanced industry" means the following industries: (I) Advanced manufacturing; (II) Aerospace; (III) Bioscience; (IV) Electronics; (V) Energy and natural resources; (VI) Infrastructure engineering; and (VII) Information technology. (3) Each July 1, the commission shall schedule an orientation with office of economic development staff in order to receive an official overview of the statutory requirements for a production company to earn a performance-based incentive for film production in Colorado as set forth in sections 24-48.5-114 and 24-48.5-116. (4) Beginning on September 1, 2022, the economic development commission shall establish a public-private partnership subcommittee to review proposed contracts, sales, and leases of state property as specified in section 24-94-105. The subcommittee consists of at least three members of the commission as selected by the commission. At no time shall all of the members of the subcommittee be appointees from the same appointing authority.
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