2009 New Jersey Code
TITLE 52 - STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
Section 52:9H
52:9H-31 - "State Revenue Forecasting Advisory Commission" established

52:9H-31.    "State Revenue Forecasting Advisory Commission" established      1.  a.  There is established a commission to be known as the "State Revenue Forecasting Advisory Commission."  The commission shall consist of eight members, of whom four shall be appointed by the Governor, two shall be appointed by the President of the Senate and two shall be appointed by the Speaker of the General Assembly, provided that no more than half of the appointments of each appointing authority shall be of the same political party. 

    b.   In appointing the commission members, the appointing authorities shall select individuals who have knowledge and practical experience in the private sector in the application of economic forecasting, analyzing business trends and cycles, tax accounting, and the preparation and filing of State tax returns.  No member shall be a nominee for, or hold, an elective office, other than on a local board of education, or serve in government employment other than public college or university employment during the member's period of service on the commission. 

    c.   Members of the commission shall serve for a term of four years, except that of the appointments first made to the commission by each appointing authority, half of the appointments shall serve for a term of two years and half of the appointments shall serve for a term of four years.  No more than one half of the appointments of an appointing authority may be of the same political party.  The term of each member shall be deemed to commence on July 1 of the calendar year of the appointment and shall expire on June 30 of the second or fourth calendar year thereafter, as the case may be for the first or subsequent appointments, but members shall continue to serve during a succeeding term until the appointment and qualification of a successor.  Any vacancy during a term shall be filled in the same manner as the original appointment but only for the balance of the unexpired term.  Members shall be eligible for reappointment to successive terms.  Any member of the commission may be removed for cause by the appointing authority.  The members shall serve without compensation but shall be reimbursed for necessary expenses incurred in the performance of their duties, subject to the availability of funds therefor. 

    d.   The commission shall organize as soon as may be practicable following the appointment of its members, to elect a chairperson from among the members appointed by the President of the Senate and the Speaker of the General Assembly, and to select a secretary, who need not be a member of the commission.  The commission may formulate and adopt rules of procedure and operation in furtherance of its responsibilities  The commission may divide itself into such task forces and subcommittees as it deems necessary to accomplish its purposes.  The commission may meet and hold hearings at such places and times as it shall designate. 

    L.1992,c.75,s.1.