This bill:

• defines terms and modifies definitions;
• renames the Governor's Office of Economic Opportunity to the Governor's Office of Economic Development;
• exempts the Governor's Office of Economic Development from procurement requirements related to the correctional industries division;
• modifies the duties of the executive director of the Governor's Office of Economic Development (executive director);
• establishes the Economic Development Council (council);
• describes the membership of the council;
• describes the duties of the council;
• establishes reporting requirements for the council;
• requires reports to the Economic Development and Workforce Services Interim Committee;
• includes a coordination clause; and
• makes technical and conforming changes.