The trade ports advisory committee has the following duties:
A. meet quarterly and at such other times as deemed necessary by the chair;
B. review and recommend approval, modification or disapproval of specific geographic areas to be designated as trade port districts;
C. review and recommend approval, modification or disapproval of proposed public-private partnership agreements for a trade port project;
D. recommend modification or termination of existing approvals or designations for failure to meet the requirements of the Trade Ports Development Act;
E. recommend the promulgation of rules establishing the application process and criteria for the approval of public-private partnership agreements in accordance with the provisions of the State Rules Act [Chapter 14, Article 4 NMSA 1978];
F. recommend approval or disapproval of applications for grants or loans from the trade ports development fund for trade port projects;
G. consult with state agencies on technical issues relevant to the trade ports advisory committee's consideration of an application; and
H. request updates to any technical information, including any annual certification, provided in connection with an approved application or designation.