Section 29-1-503 - Appointment of advisory committee - powers and duties(1) The governor, with the advice and consent of the senate, shall appoint a six-member advisory committee on governmental accounting to assist the state auditor in formulating and prescribing a classification of accounts. The committee consists of the following members: (a) One member who is a member of the Colorado society of certified public accountants; and(b) Five members who are active in finance matters either as elected officials or finance officers employed by one of the following units of local government: Counties, cities and counties, cities and towns, school districts and local college districts, local improvement or special service districts, or other local entities having authority under the general laws of this state to levy taxes or impose assessments.(2) Members shall be appointed for terms of four years; except that the terms shall be staggered so that no more than two members' terms expire in the same year.(3) The state auditor and the controller shall be ex officio nonvoting members of the advisory committee on governmental accounting; except that the state auditor shall act as chairman of the committee and shall cast a vote only in the case of a tie.(4) Any decision shall be adopted only upon the majority vote of the members present.(5) (Deleted by amendment, L. 93, p. 674, § 10, effective May 1, 1993.)Amended by 2022 Ch. 421, § 69, eff. 8/10/2022.Amended by 2022 Ch. 2, § 95, eff. 2/25/2022.Amended by 2017 Ch. 264, § 101, eff. 5/25/2017.L. 65: p. 857, § 3. C.R.S. 1963: § 88-5-3. L. 86: (5) added, p. 423, § 51, effective March 26. L. 87: (2) amended, p. 912, § 24, effective June 15. L. 93: (5) amended, p. 674, § 10, effective May 1. L. 2017: (1) amended, (SB 17-294), ch. 264, p. 1412, § 101, effective May 25. 2022 Ch. 421, was passed without a safety clause. See Colo. Const. art. V, § 1(3).