(1) The board shall advise and assist the office to: (a) promote and encourage the economic, commercial, financial, industrial, agricultural, and civic welfare of the state; (b) promote and encourage the development, attraction, expansion, and retention of businesses, industries, and commerce in the state; (c) support the efforts of local government and regional nonprofit economic development organizations to encourage expansion or retention of businesses, industries, and commerce in the state; (d) act to enhance the state's economy; (e) work in conjunction with companies and individuals located or doing business in the state to secure favorable rates, fares, tolls, charges, and classification for transportation of persons or property by: (i) railroad; (ii) motor carrier; or (iii) other common carriers; (f) recommend policies, priorities, and objectives to the office regarding the assistance, retention, or recruitment of business, industries, and commerce in the state; (g) recommend how the office should administer programs for the assistance, retention, or recruitment of businesses, industries, and commerce in the state; (h) help ensure that economic-development programs are available to all areas of the state in accordance with federal and state law; and (i) maintain ethical and conflict of interest standards consistent with those imposed on a public officer under Title 67, Chapter 16, Utah Public Officers' and Employees' Ethics Act.

(a) promote and encourage the economic, commercial, financial, industrial, agricultural, and civic welfare of the state;

(b) promote and encourage the development, attraction, expansion, and retention of businesses, industries, and commerce in the state;

(c) support the efforts of local government and regional nonprofit economic development organizations to encourage expansion or retention of businesses, industries, and commerce in the state;

(d) act to enhance the state's economy;

(e) work in conjunction with companies and individuals located or doing business in the state to secure favorable rates, fares, tolls, charges, and classification for transportation of persons or property by: (i) railroad; (ii) motor carrier; or (iii) other common carriers;

(i) railroad;

(ii) motor carrier; or

(iii) other common carriers;

(f) recommend policies, priorities, and objectives to the office regarding the assistance, retention, or recruitment of business, industries, and commerce in the state;

(g) recommend how the office should administer programs for the assistance, retention, or recruitment of businesses, industries, and commerce in the state;

(h) help ensure that economic-development programs are available to all areas of the state in accordance with federal and state law; and

(i) maintain ethical and conflict of interest standards consistent with those imposed on a public officer under Title 67, Chapter 16, Utah Public Officers' and Employees' Ethics Act.

(2) The board may: (a) in accordance with Subsection (1)(e), appear as a party litigant on behalf of an individual or a company located or doing business in the state in a proceeding before a regulatory commission of the state, another state, or the federal government; and (b) in consultation with the executive director, make, amend, or repeal rules for the conduct of its business consistent with this part and in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.

(a) in accordance with Subsection (1)(e), appear as a party litigant on behalf of an individual or a company located or doing business in the state in a proceeding before a regulatory commission of the state, another state, or the federal government; and

(b) in consultation with the executive director, make, amend, or repeal rules for the conduct of its business consistent with this part and in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.