1. There is hereby created a Budget Subcommittee of the Legislative Commission.
2. The Chair of the Legislative Commission shall appoint to the Budget Subcommittee:
(a) The persons designated by the Speaker designate of the Assembly to be members of the Assembly Standing Committee on Ways and Means for the next regular session; and
(b) The persons designated by the Majority Leader designate of the Senate to be members of the Senate Standing Committee on Finance for the next regular session.
3. The Budget Subcommittee shall conclude its activities before the next regular session is convened.
4. The Budget Subcommittee shall consider fiscal issues that may require consideration by the Legislature at the next regular session.