The Joint Fiscal Committee shall:
(1) hire the Chief Fiscal Officer;
(2) carry on a continuing review of the fiscal operations of the State, including revenues, budgeting, and expenditures;
(3) accept grants and approve any related limited service positions, gifts, loans, or any other thing of value, approved by the Governor, under the provisions of 32 V.S.A. § 5;
(4) establish prioritization for the work of the Joint Fiscal Office; and
(5) keep minutes of its meetings and maintain a file thereof.