appointments within 60 days of the effective date of this
section.
(d) Meetings.---The commission shall meet as may be
necessary to complete and approve the study under section 4. The
initial meeting of the commission shall take place within 90
days of the effective date of this section.
(e) Chairperson.--The members of the commission shall elect
a chairperson from among its members.
(f) Quorum.--A quorum shall consist of a majority of the
members of the commission.
(g) Expenses.--A member of the commission shall serve
without compensation but shall be reimbursed for actual and
necessary expenses incurred in the performance of the member's
duties.
Section 4. Study and report.
(a) Conduct of study.--The commission shall conduct a study
of the practices and procedures used by the Commonwealth when
selling and leasing State real property. The purpose of the
study shall be to identify ways to maximize revenues from the
sale and lease of State real property. The study shall be
completed within four months of the commission's initial meeting
under section 3(d). A report of the study, including
recommendations, must be approved by the commission within one
month following completion of the study.
(b) Report.--The commission shall provide the report of the
study to the General Assembly.
Section 5. Moratorium on sale and lease.
The Commonwealth may not market, sell, lease or offer for
sale or lease any State real property during the nine-month
period following the date of enactment of this act.
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