(1) The presiding officer and vice presiding officers of the interim budget committee shall be the presiding officer and vice presiding officers of the joint budget subcommittee that consider agency budgets consistent with the agency oversight established in 5-12-501 during the legislative session.
(2) If a vacancy occurs on the interim budget committee when the legislature is not in session, a member of the same political party must be appointed by the speaker of the house of representatives, if the member being replaced is a representative, or by the president of the senate, if the member being replaced is a senator. If the member being replaced represents the minority party, the replacement must be made in consultation with the appropriate minority leader.