In order to promote a sound knowledge and understanding of state and local area economic conditions and outlook, as well as an understanding of national and regional factors affecting the state economy, it is desirable to establish a council to advise the Governor on a broad range of economic and fiscal matters.
NOW, THEREFORE, I, Booth Gardner, do hereby affirm the need for and establishment of the Governor's Council of Economic Advisors and direct the following:
A. An advisory Council shall be established to be known as the Governor's Council of Economic Advisors.
B. Members shall be appointed by the Governor for a two-year term. Vacancies shall be filled by the Governor for the balance of a term. Initial appointments shall be staggered with a portion expiring in two years and a portion expiring in three years. Thereafter all terms shall be for two years. All term expirations shall be June 30.
C. Membership shall be selected on the basis of representation of important economic sectors in the state of Washington.
D. The Council shall advise the Governor on state and local area economic conditions and outlook, including national and regional developments affecting state and national policies.
E. In addition to analysis of general state economic conditions, the Council shall periodically review and provide advice concerning special economic developments affecting major sectors of the state economy, including impacts of state and national policy.
F. The Council shall meet at least quarterly so that timely advice can be provided prior to the adoption of the quarterly official state economic and revenue forecast.
G. The Office of Financial Management (OFM) shall provide administrative support to the Council and shall coordinate staff support with other state government agencies. In matters involving the quarterly economic and revenue forecast, OFM staff shall work closely with the Office of the Forecast Council to solicit information and analysis from members of the Governor's Council of Economic Advisors.
H. The Departments of Revenue, Employment Security and Trade and Economic Development shall provide additional data and information, from existing expertise and data systems, regarding general and special economic topics.
have hereunto set
my hand and caused the seal of the State of
Washington to be affixed at Olympia this
17th day of September A.D., Nineteen hundred and ninety.
Secretary of State