Office, develop cash flow projections for the immediate five
years following the effective date of this section. The
projections shall include best case, expected case and worst
case WORST-CASE scenarios to be defined by the Independent
Fiscal Office in the creation of the projections.
(3) (5) Determine critical risk factors of importance to
the Commonwealth on the Commonwealth's financial FOR
FINANCIAL well-being and OTHER control measures to monitor
the ASSOCIATED risk factors.
(4) (6) Develop performance metrics for use by the
Independent Fiscal Office to monitor the critical risk
factors identified with the measures published in the
quarterly economic updates from the Independent Fiscal
Office.
(c) Quorum.--A majority of appointed members shall
constitute a quorum for the purpose of conducting business.
(d) Chairperson and vice chairperson.--The members shall
select one of the members to be chairperson and another member
to be vice chairperson.
(e) Qualified vote.--A vote on the findings and
recommendations to the General Assembly under section 5 shall
require two-thirds of the members voting in the affirmative.
(f) Compensation and reimbursement.--Members of the
commission shall not receive compensation or reimbursement for
their services on the commission.
(g) Information gathering.--The commission may conduct
hearings and otherwise gather pertinent information and analysis
that the commission considers appropriate and necessary to
fulfill its duties, which may include, but shall not be limited
to, the Independent Fiscal Office and the Joint State Government
20190HB1995PN3260 - 4 -
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