North Dakota § 54-60-04 North Dakota economic development foundation - Executive committee - Duties

North Dakota Statutes

§ 54-60-04 — North Dakota economic development foundation - Executive committee - Duties

North Dakota·Title 54 State Government·Ch. 54-60 Department of Commerce

Duties. The North Dakota economic development foundation is created.

1.The foundation is composed of a minimum of fifteen and a maximum of thirty members appointed by the governor for two-year terms, except the governor shall appoint approximately one-half of the initial foundation members to one-year terms in order to initiate a cycle of staggered terms. Appointment of the foundation members must ensure a cross section of business, tourism, and economic development representation, and must ensure that at least one member represents rural concerns.

2.The foundation members shall elect an executive committee with a minimum of five and a maximum of seven foundation members, which shall include a chairman, vice chairman, secretary, treasurer, and up to three members at large.

3.The foundat

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Duties.
The North Dakota economic development foundation is created.
1. The foundation is composed of a minimum of fifteen and a maximum of thirty members
appointed by the governor for two-year terms, except the governor shall appoint
approximately one-half of the initial foundation members to one-year terms in order to
initiate a cycle of staggered terms. Appointment of the foundation members must
ensure a cross section of business, tourism, and economic development
representation, and must ensure that at least one member represents rural concerns.
2. The foundation members shall elect an executive committee with a minimum of five
and a maximum of seven foundation members, which shall include a chairman, vice
chairman, secretary, treasurer, and up to three members at large.
3. The foundation shall seek funding for administrative expenses from private sector
sources and shall seek and distribute private sector funds for use in commerce-related
activities of the state. The private sector funds are not public moneys for any purpose
and are not subject to section 12 of article X of the Constitution of North Dakota.
4. The foundation shall:
a. Provide the governor advice and counsel in selecting the commissioner.
b. Serve in an advisory role to the commissioner.
c. Develop a strategic plan for economic development in the state and set
accountability standards, measurements, and benchmarks to evaluate the
effectiveness of the department in implementing the strategic plan.
d. Monitor economic development activities and initiatives of the department.
e. Recommend state and federal legislation relating to strengthening the state's
economy and increasing the state's population.
f. Monitor state and federal legislation and initiatives that may impact the state's
economy and population.
g. Serve as a source of expertise for developing public and private initiatives to
strengthen the state's economy and increase the state's population.

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