CHAPTER........

Section 1. Chapter 218 of NRS is hereby amended by adding thereto a

2. Five members of the task force must be appointed as follows:

(a) One member appointed by the speaker of the assembly;

(b) One member appointed by the majority leader of the senate; and

(c) Three members appointed by the governor.

The members appointed pursuant to this subsection must not be elected

officers, state officers or employees of this state or any political subdivision

of this state, including, without limitation, an institution of higher education

that receives public money.

3. In addition to the members appointed pursuant to subsection 2, the

task force consists of:

(a) The chief of the budget division of the department of administration

or his designee;

(b) The chief of the bureau of research and analysis of the department of

employment, training and rehabilitation, or his designee, or, if that position

ceases to exist, the position deemed by the director of the department of

employment, training and rehabilitation to be the equivalent of that

position;

(c) The executive director of the department of taxation or his designee

;

(d) The superintendent of public instruction or his designee;

(e) The state director of the bureau of business and economic research

of the University of Nevada, Reno, or his designee;

(f) The director of the center for business and economic research of the

University of Nevada, Las Vegas, or his designee;

(g) An employee of a county in Nevada, appointed by the Nevada

Association of Counties; and

(h) An employee of a city in Nevada, appointed by the Nevada League

of Cities.

4. Each of the members who is appointed to the task force pursuant to

subsection 2 and paragraphs (g) and (h) of subsection 3 must have expertise

and demonstrated ability in the field of economics, taxation, demography or

urban planning or another field that is necessary for economic planning and

forecasting.

5. The members who are appointed pursuant to subsection 2 shall

select from among themselves a person to serve as chairman of the task

force.

6. Each member of the task force who is appointed pursuant to

subsection 2 is entitled to receive a salary of $80 for each day or portion of

a day during which he attends a meeting of the task force.

7. Each member of the task force is entitled to receive the per diem

allowance and travel expenses provided for state officers and employees

generally for each day or portion of a day during which he attends a

meeting of the task force or is otherwise engaged in the business of the task

force.

8. The compensation, per diem allowances and travel expenses of the

members of the task force must be paid from the legislative fund.

9. The office of financial analysis and planning created pursuant to

section 1 of this act shall provide technical expertise and administrative

support to the task force.

develop a process for the preparation and periodic update of long-term

forecasts of and recommendations concerning future state revenues for use

in planning and budgeting state programs. The long-term forecasts must

include periods of 6 years and 10 years. The process developed by the task

force must provide for, without limitation, the compilation and periodic

update of reports that include:

(a) Economic and demographic trends and forecasts at the national,

regional, state and local levels;

(b) The sources of revenue in this state, including, without limitation, an

analysis of the elements of this state’s revenue structure that may be

vulnerable or unreliable in the long-term;

(c) Forecasts and projections of the needs of state and local agencies

that provide human services and services relating to public education,

criminal justice and infrastructure;

(d) An analysis of revenues and expenditures to determine whether long-

term growth in revenue may reasonably be expected to meet the demands

of expenditures; and

(e) An analysis of the feasibility and desirability of using alternative

procedures for the review and approval of budgets and expenditures of

departments, institutions and agencies of the state government, including,

without limitation, the feasibility and desirability of adopting a system of

performance-based budgets.

2. In carrying out its duties, the task force shall:

(a) Use estimates and forecasts prepared by the demographer who is

employed pursuant to NRS 360.283;

(b) Use reports, projections of economic indicators and estimates of

future state revenues made by the economic forum;

(c) Use any other official forecasts, estimates and publications prepared

by agencies of this state or political subdivisions of this state and

institutions of higher education; and

(d) Solicit recommendations and information from the budget division

of the department of administration, agencies and officers of this state, local

governments, other states, national organizations, private organizations and

the general public.

3. In carrying out its duties, the task force may:

(a) Consider any other information, including, without limitation,

created pursuant to section 1 of this act.

(b) Request information from an agency of this state. The task force may

direct the office of financial analysis and planning to make the request on

its behalf. An agency that receives a reasonable request for information

shall comply with the request as soon as is reasonably practicable after

receipt of the request.

Sec. 4. On or before September 15, 2000, the task force for financial

analysis and planning shall submit a written report to the director of the

legislative counsel bureau for immediate transmission to the members of

the 70th regular session of the legislature. The report must include:

1. A summary of the progress of the task force in developing a process

for the preparation and periodic update of long-term forecasts and

recommendations in accordance with subsection 1 of section 3 of this act.

2. Recommendations for legislation concerning the appropriate

composition and duties of a permanent committee to prepare long-term

forecasts of future state revenues and otherwise continue the preliminary

work done by the task force. The recommendations must specifically

address the appropriate number, qualifications and terms of the members of

the permanent committee.

3. Recommendations for legislation concerning the composition and

relation to the continuing work on these issues.

4. Any other recommendations for related legislation

.

Sec. 5. On or before September 1, 1999, the speaker of the assembly,

the majority leader of the senate and the governor shall make appointments

to the task force for financial analysis and planning in accordance with

subsection 2 of section 2 of this act. Members appointed to the task force

remain eligible for appointment to a permanent committee to prepare long-

term forecasts of future state revenues.

Sec. 6. 1. This act becomes effective on July 1, 1999.

2. Sections 2, 3 and 4 of this act expire by limitation on June 30, 2001.

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