14999. The Commission for Economic Development, hereinafter referred to as the commission, is continued in existence. The purpose of the commission is to provide continuing bipartisan legislative, executive branch and private sector support and guidance for the best possible overall economic development of the state by any and all of the following means:(a) Assessing specific regional or local economic development problems and making recommendations for solving problems.(b) Providing a forum for ongoing dialogue on economic issues between state government and the private sector.(c) Recommending, where deemed appropriate, legislation to require evaluation of demonstration and ongoing economic development projects and programs to ensure continued cost effectiveness.(d) Identifying and reporting important secondary effects on economic development of programs and regulations which may have other primary purposes.(e) Undertaking specialized studies and preparing specialized reports at the request of the Governor or Legislature.(Amended by Stats. 2005, Ch. 675, Sec. 13. Effective January 1, 2006.)