WHEREAS, there is an urgent and continuing need for extending and strengthening fiscal communications between the House, the Senate, and the Executive Department, and

WHEREAS, there is need to encourage and develop joint legislative and executive analysis of statistics and trends in revenues and expenditures, and

WHEREAS, there is need to provide a forum for the evaluation, examination and study of fiscal practices, policies, and procedures of the State,

NOW, THEREFORE, BE IT RESOLVED by the Senate of the 121st General Assembly of the State of Delaware, the House concurring therein., that a Fiscal Policy Committee is hereby created to consist of nine members, four of whom shall be members of the Senate, four of whom shall be members of the House, and one of whom shall be the Governor, who shall also be the Chairman of the Committee.

RESOLVED FURTHER, that the President Pro-Tem of the Senate and the Speaker of the House shall each appoint four members of the Committee from their respective Houses: Two from the majority party and two from the minority party.

RESOLVED FURTHER, that the Committee shall meet not less than once each calendar month immediately following the issuance of fiscal reports by the Permanent Budget Commission or other State fiscal authorities, said meetings to be called by the Chairman within three days after such reports are made available to members of the General Assembly.

RESOLVED FURTHER, that the Committee be authorized to employ consultants, advisors, and clerical assistance as required and to reimburse Committee members for actual expenses incurred in attending meetings.

Approved August 31, 1961.