1. On or before July 1 of each even-numbered year, the Governor shall impanel an Economic Forum. 2. The Governor shall appoint three members of the Governors own selection and one member nominated by the Majority Floor Leader of the Senate and one member nominated by the Speaker of the Assembly to serve on the Economic Forum for a term of 2 years. 3. On or before June 15 of each even-numbered year, and within 30 days after the position of his or her nominee on the Economic Forum becomes vacant, each nominating authority set forth in subsection 2 shall submit to the Governor the name of his or her nominee to the Economic Forum. 4. If a nominating authority fails to submit a timely nomination of a person who is qualified pursuant to subsections 6 and 7 to the Governor pursuant to subsection 3, the Governor may appoint any qualified person to the position. 5. Each member appointed pursuant to subsection 2 or 4 may be removed by the Governor for good cause. 6. Each member must be an expert with demonstrated ability in the field of economics, taxation or other discipline necessary to economic forecasting and be able to bring knowledge and professional judgment to the deliberations of the Economic Forum. 7. No officer or employee of the State Government, including publicly supported institutions of higher education, may be a member of the Economic Forum. 8. Except as otherwise provided in subsection 4, a person appointed to fill a vacancy must be nominated and appointed in the same manner as his or her predecessor in office.
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