The commission shall:

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A. develop and recommend policies and provide policy and program guidance for the department;

B. review, modify and approve annual updates to the state’s five-year tourism plan generated by the department; and

C. establish such rules and regulations for its own operations as are necessary to achieve the purposes of the Tourism Department Act. Rules and regulations of the commission shall be adopted in the same procedural manner as rules and regulations of the department are adopted and shall be filed in accordance with the State Rules Act [N.M. Stat. Ann. Chapter 14, Article 4].