Existing law creates the Board of Economic Development, which is required to review and make recommendations on various aspects of economic development in Nevada. (NRS 231.033, 231.037) In addition, existing law creates the Nevada-Ireland Trade Commission to specifically study and make recommendations to the Board regarding economic, academic, cultural and other relations between Nevada and Ireland. (NRS 231.1598-231.15987)
Section 3 of this bill creates the Nevada Asia-Pacific Trade Commission, which consists of nine members. Section 4 of this bill: (1) provides for the officers of the Commission; (2) prescribes requirements for meetings of the Commission; and (3) requires the Office of Economic Development to provide necessary administrative support to the Commission. Section 5 of this bill requires the Commission to study and make recommendations to the Board of Economic Development regarding: (1) advancing bilateral trade and investment between Nevada and the Asia-Pacific region; (2) initiating joint action on policy issues of mutual interest to Nevada and the Asia-Pacific region; (3) promoting business and academic exchanges between Nevada and the Asia-Pacific region; (4) encouraging mutual economic support between Nevada and the Asia-Pacific region; (5) encouraging mutual investment in the infrastructure of Nevada and the Asia-Pacific region; and (6) such other issues as determined by the Commission. Section 5 also requires the Commission to prepare and submit an annual report of its activities and recommendations to the Director of the Legislative Counsel Bureau and the Governor. Section 6 of this bill creates the Account for the Nevada Asia-Pacific Trade Commission in the State General Fund, which is required to be administered by the Commission and only used to carry out the activities of the Commission. Section 6 also: (1) authorizes the Commission to apply for grants and accept gifts, grants, bequests and other contributions; and (2) requires that any such money received by the Commission be deposited in the Account. Section 2 of this bill defines the term “Commission” for the purposes of sections 3-6.