It shall be the duty of the Joint Committee on Legislative Printing Requirements and Specifications to:
(1) Study and review all purchases by the General Assembly of printing and duplicating services and stationery;
(2) Designate those items which should be purchased under commercial term contracts awarded by the State Procurement Director, those items which should be purchased under one-time commercial contracts awarded by the director, and those items of printing or duplicating that can be best accomplished by facilities operated by the General Assembly or its staff or by another state agency and paid for on a cost basis through an intergovernmental transfer of funds;
(3) Promulgate standards, specifications, and rules governing the size, composition, and printing or duplicating processes that shall be used in furnishing printing or duplicating services for the General Assembly and certify the specifications and requirements to the director, who shall incorporate the specifications and requirements in contracts to be let for legislative printing needs;
(4) Establish requirements for the furnishing of bonds for performance under legislative printing or duplicating contracts, establish penalty provisions for failure to perform under the terms of the contracts, and establish procedures for the evaluation of performance under those contracts for the purpose of determining when the penalty provisions shall be invoked, and the amount thereof, in case of breach of contract or failures to fulfill contracts within the terms thereof;
(5) Make any additional rules or specifications and advise the director for incorporation in legislative printing or duplicating contracts as the Joint Committee on Legislative Printing Requirements and Specifications determines necessary in order that the efficiency of the General Assembly might be expedited.