Sec. 4. The advisory committee shall do the following:
(1) Serve as a liaison between the:
(A) commission;
(B) board; and
(C) general assembly.
(2) Review policies affecting the activities of the:
(A) commission;
(B) state fair;
(C) facilities at the fairgrounds; and
(D) property owned by the commission.
(3) Provide long range guidance for the:
(A) commission; and
(B) board.
(4) Review annually the:
(A) commission's; and
(B) board's;
budgets and other accounts and report financial conditions to the legislative council before December 1. A report under this subdivision to the legislative council must be in electronic format under IC 5-14-6.
(5) Further advise the budget committee regarding appropriations and other financial matters concerning the:
(A) commission; and
(B) board.
(6) Propose, review, and make recommendations concerning legislation affecting the:
(A) commission; and
(B) board.