(1) There is created the School and Institutional Trust Beneficiaries' Advocacy Council.
(2) The advocacy council shall:
(a) oversee the activities of the advocacy office and advise the advocacy director;
(b) establish, update, and monitor the implementation of comprehensive strategic planning for the advocacy office;
(c) submit advocacy director candidate names to the state treasurer subject to Subsection 53D-2-401(1)(a);
(d) determine the advocacy director's compensation and annually review the compensation and performance of the advocacy director as part of the council's budget review process;
(e) make rules for the advocacy office in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act;
(f) receive reports, including the annual report described in Subsection 53D-2-402(2)(m), from the advocacy director;
(g) participate on the nominating committees of the trustee agencies as described in Subsections 53C-1-203(2)(a) and 53D-1-501(2)(b); and
(h) develop policies and directives for the management of the advocacy office.