2013 -- H 6070 SUBSTITUTE A

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LC02351/SUB A

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2013

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A N A C T

RELATING TO STATE AFFAIRS AND GOVERNMENT - COUNCIL OF ECONOMIC

ADVISORS

     Introduced By: Representatives Walsh, Tomasso, Winfield, Tanzi, and Valencia

     Date Introduced: May 01, 2013

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Findings and purpose.

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     WHEREAS, There is a need for state governments to generate data and information to

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use in policy analysis; and

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     WHEREAS, the state of Rhode Island should collect, gather and share data and

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information about the state and the economy; and

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     WHEREAS, The state of Rhode Island does not have a central repository of data and

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information; and

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     WHEREAS, There is a need for sound economic policy analysis to better understand the

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economy within the state and how the state’s economy interacts with other areas and regions; and

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     WHEREAS, Rhode Island’s current economic climate and budget challenges require the

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evaluation and better understanding of the economic conditions facing the state; and

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     RESOLVED, That the state should and by this legislation shall create the organization

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that will be responsible for the collection of economic data and preparation of economic and tax

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policy analysis.

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     SECTION 1. Title 42 of the General Laws entitled "STATE AFFAIRS AND

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GOVERNMENT " is hereby amended by adding thereto the following chapter:

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     CHAPTER 64.17

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     COUNCIL OF ECONOMIC ADVISORS

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     42-64.17-1. Council of economic advisors established. -- There is hereby established a

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council of economic advisors who shall consist of the following nine (9) members appointed by

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the governor:

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     (1) The following shall be ex-officio members:

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     (i) Secretary of commerce;

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     (ii) Director of the office of management and budget;

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     (iii) A representative from the office of revenue analysis;

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     (iv) Director of labor management information systems;

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     (2) In addition to the four ex-officio members, there shall be five (5) public members

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selected by the governor.

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     (3) The five public members selected by the governor shall be selected based upon

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specific experience in economics, research and related training. The governor may seek

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recommendations from both public and private institutions of higher education and other

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organizations within the state.

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     42-64.17-2. Purpose and charge to the council. -- The council shall:

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     (a) Be a collection point of data and information on the economy of Rhode Island;

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     (b) Advise on economic policy for the governor, the executive office of commerce, and

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the state;

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     (c) Prepare economic policy analysis on specific issues such as tax credits, tax

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expenditures, and other related matters;

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     (d) Publish reports and analyses as it sees fit to inform the state of the effect of economic

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activity and policy;

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     (e) Establish a central repository of economic information in conjunction with the

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department of administration and the department of revenue and other state departments;

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     (f) Prepared an annual report on the economy of Rhode Island; and

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     (g) Review and advise on the strategic economic development plan for the state of Rhode

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Island.

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     42-64.17-3. Structure. -- (a) The members of the council shall be appointed by governor

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for terms of no longer than three (3) years and may be reappointed. The secretary of commerce

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shall be the chair and the council shall select a vice chair. The council shall be staffed through the

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executive office of commerce and shall utilize the staffs and resources of the division of state-

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wide planning.

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     (b) The council will be able to hire, subject to funding, consultants and related assistance

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to provide the type of analysis to inform its work.

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     42-64.17-4. State departments to cooperate with council. -- All departments, offices,

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boards and agencies of the state shall cooperate with the council of economic advisors and furnish

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such administrative and staff support, advice, information, documents and otherwise, data and

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data analysis and other support as may be necessary or desirable.

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     42-64.17-5. Powers of council. -- In carrying out the responsibility under this chapter,

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the council may:

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     (a) Accept grant funds and in-kind contributions from governmental and private entities;

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     (b) Conduct hearings;

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     (c) Invite academic experts and other witnesses to submit testimony; and

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     (d) Contract with experts and consultants as necessary to inform on deliberations and

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recommendations.

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     42-64.17-6. Council subject to open meetings and access to public records laws. -- In

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addition to any other applicable law, rules or regulations, the council of economic advisors shall

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be subject to the provisions of the open meetings act as set forth in title 42, chapter 46 of the

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Rhode Island general laws, and the access to public records act as set forth in title 38, chapter 2

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of the Rhode Island general laws.

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     SECTION 2. This act shall take effect on January 1, 2014.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO STATE AFFAIRS AND GOVERNMENT - COUNCIL OF ECONOMIC

ADVISORS

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     This act would establish a new council of economic advisors. This act directs said council

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to gather economic data and information on the Rhode Island economy.

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     This act would take effect on January 1, 2014.

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