1. There is hereby created within the department of economic development the "General Regulatory Sandbox Program Advisory Committee", to be composed of the following members:(1) The director of the department of economic development or his or her designee;(2) The director of the department of commerce and insurance or his or her designee;(3) The attorney general or his or her designee;(4) Two members of the public to be appointed by the governor;(5) A member of the public or of an institution of higher education, to be appointed by the governor;(6) A member of an institution of higher education, to be appointed by the director of the department of higher education and workforce development;(7) Two members of the house of representatives, one to be appointed by the speaker of the house of representatives and one to be appointed by the minority leader of the house of representatives; and(8) Two members of the senate, one to be appointed by the president pro tempore of the senate and one to be appointed by the minority leader of the senate.2.(1) Advisory committee members shall be appointed to a four-year term. Members who cease holding elective office shall be replaced by the speaker or minority leader of the house of representatives or the president pro tempore or minority floor leader of the senate, as applicable. The sandbox program director may establish the terms of initial appointments so that approximately half of the advisory committee is appointed every two years.(2) The sandbox program director shall select a chair of the advisory committee every two years in consultation with the members of the advisory committee.(3) No appointee of the governor, speaker of the house of representatives, or president pro tempore of the senate may serve more than two consecutive complete terms.3. A majority of the advisory committee shall constitute a quorum for the purpose of conducting business, and the action of a majority of a quorum shall constitute the action of the advisory committee, except as provided in subsection 4 of this section.4. The advisory committee may, at its own discretion, meet to override a decision of the regulatory relief office on the admission or denial of an applicant to the sandbox program, provided such override is decided with a two-thirds majority vote of the members of the advisory committee, and further provided that such vote shall be taken within fifteen business days of the regulatory relief office's decision, and further provided that the risks posed to consumer health and safety and protection of Missouri's environment do not outweigh the intended benefits.5. The advisory committee shall advise and make recommendations to the regulatory relief office on whether to approve applications to the sandbox program pursuant to section 620.3915.6. The regulatory relief office shall provide administrative staff support for the advisory committee.7. The members of the advisory committee shall serve without compensation, but may be reimbursed for any actual and necessary expenses incurred in the performance of the advisory committee's official duties.8. Meetings of the advisory committee shall be considered public meetings for the purposes of chapter 610. However, a meeting of the committee shall be a closed meeting if the purpose of the meeting is to discuss an application for participation in the regulatory sandbox program and failing to hold a closed meeting would reveal information that constitutes proprietary or confidential trade secrets. Upon approval by a majority vote by members of the advisory committee, the advisory committee shall be allowed to conduct remote meetings, and individual members shall be allowed to attend meetings remotely. The advisory committee shall provide the public the ability to view any such remote meetings.Added by 2024 Mo. Laws, SB 894,s A, eff. 8/28/2024.