Bill > SB1576

This bill establishes the Missouri Ireland Trade Commission within the department of economic development, comprised of nine members: three senators appointed by the president pro tempore, three representatives appointed by the speaker, and three members appointed by the governor representing higher education, business interests, and Irish-American communities. The commission's purpose is to study and advance bilateral trade and investment, policy issues, business and academic exchanges, economic support, and infrastructure investment between Missouri and Ireland, as well as any other relevant issues. Members will serve staggered terms and will not receive compensation but can be reimbursed for expenses. The commission will elect a chairperson, establish subcommittees, and require a majority for a quorum. It is mandated to produce an annual report of its activities and recommendations to state leadership. Furthermore, the commission is authorized to raise funds through solicitations and accept gifts, grants, and bequests, which will be deposited into a dedicated "Missouri Ireland Trade Commission Fund" in the state treasury, with any remaining funds not reverting to the general revenue fund and earning interest to be used for the commission's administrative expenses and purposes.