(1) Part V of the economic development plan shall consist of recommendations. Such recommendations shall be based on Part IV of the plan and shall seek to improve in every possible and feasible manner the coordination and implementation of all activities and programs to be outlined and identified as required in Part III of the plan.
(2) The plan shall make recommendations regarding new initiatives and new programs and the alteration or expansion of existing programs as deemed necessary to achieve the goals established. Such recommendations shall state specifically what is to be done, who is to do it and how it is to be done and shall also set out the cost-benefits of each recommendation.
(3) The University Research Center, in consultation with the task force and the Department of Economic Development shall develop a legislative package containing statutory actions required to implement the programs and recommendations necessary to achieve the goals established in the state long range plan for economic development. The legislative package shall be prepared and presented in bill format.