A. There is hereby created within the Legislature a committee to oversee the operations of the Legislative Office of Fiscal Transparency. The committee shall consist of fourteen (14) members, as follows:

B. The President Pro Tempore of the Senate and the Speaker of the House of Representatives shall each designate a co-chair of the oversight committee from among the members from their respective houses.

C. A quorum of the oversight committee shall consist of at least eight members; provided, any action by the oversight committee shall require the vote of at least four members from each house of the Legislature. The agenda for each meeting shall be set by the co-chairs and shall be made available to the public, by posting on the Senate and House websites, at least twenty-four (24) hours prior to the time of the meeting. Meetings of the oversight committee shall be governed by joint rules of the Legislature. Members of the oversight committee shall receive reimbursement from the Legislative Service Bureau for actual and necessary expenses incurred in connection with their duties as members of the oversight committee in accordance with other provisions of law relating to travel reimbursement for members of the Legislature.

D. The members and co-chairs of the oversight committee shall be appointed no later than July 1, 2019, and the oversight committee shall hold its first meeting no later than August 1, 2019.