(a)The Vermont-Ireland Trade Commission is established within the State Treasurer’s office to advance bilateral trade and investment between Vermont and Ireland. The Commission shall consist of seven members as follows:
(1)two members, appointed by the Governor;
(2)two members, appointed by the Speaker of the House;
(3)two members, appointed by the Senate Committee on Committees; and
(4)the State Treasurer or designee.
(b)The purposes of the Vermont-Ireland Trade Commission are to:
(1)advance bilateral trade and investment between Vermont and Ireland;
(2)initiate joint action on policy issues of mutual interest to Vermont and Ireland;
(3)promote business and academic exchanges between Vermont and Ireland;
(4)encourage mutual economic support between Vermont and Ireland;
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(a) The Vermont-Ireland Trade Commission is established within the State Treasurer’s office to advance bilateral trade and investment between Vermont and Ireland. The Commission shall consist of seven members as follows:
(1) two members, appointed by the Governor;
(2) two members, appointed by the Speaker of the House;
(3) two members, appointed by the Senate Committee on Committees; and
(4) the State Treasurer or designee.
(b) The purposes of the Vermont-Ireland Trade Commission are to:
(1) advance bilateral trade and investment between Vermont and Ireland;
(2) initiate joint action on policy issues of mutual interest to Vermont and Ireland;
(3) promote business and academic exchanges between Vermont and Ireland;
(4) encourage mutual economic support between Vermont and Ireland;
(5) encourage mutual investment in the infrastructure of Vermont and Ireland; and
(6) address other issues as determined by the Commission.
(c) The members of the Commission, except for the State Treasurer or designee, shall be appointed for terms of four years each and shall continue to serve until their successors are appointed, except that in order to achieve staggered terms, the two members appointed by the Governor shall serve initial terms of two years each and the two members appointed by the Speaker of the House shall serve initial terms of three years each. Members may be reappointed. A member serves at the pleasure of the member’s appointing authority. Not more than two members serving on the Commission may be members of the General Assembly.
(d) A vacancy in the membership of the Commission shall be filled by the relevant appointing authority within 90 days after the vacancy.
(e) The Commission shall select a chair from among its members at the first meeting. The Chair, as appropriate, may appoint from among the Commission members subcommittees or a subcommittee at the Chair’s discretion. A majority of the members of the Commission shall constitute a quorum for purposes of transacting the business of the Commission.
(f) The Commission shall submit a written report with its findings, results, and recommendations to the Governor and the General Assembly within one year of its initial organizational meeting and on or before December 1 of each succeeding year for the activities of the current calendar year. The report shall also include a disclosure listing any in-kind contributions received by specific members of the Commission through their work in the Commission in the current calendar year.
(g) The Vermont-Ireland Trade Commission is authorized to raise funds, through direct solicitation or other fundraising events, alone or with other groups, and accept donations, grants, and bequests from individuals, corporations, foundations, governmental agencies, and public and private organizations and institutions, to defray the Commission’s administrative expenses and to carry out its purposes as set forth in this chapter. The funds, donations, grants, or bequests received pursuant to this chapter shall be deposited in a bank account and allocated annually by the State Treasurer’s office to defray the Commission’s administrative expenses and carry out its purposes. Any monies so withdrawn shall not be used for any purpose other than the payment of expenses under this chapter. Interest earned shall remain in the bank account.
(h) Members of the Commission shall not receive compensation or be entitled to reimbursement of expenses by the State of Vermont for their service on the Commission.