(1) The legislative citizens’ committee on consumer affairs, the executive committee on consumer affairs, and the governor’s citizens committee on consumer affairs shall meet together regularly. The 3 separate committees meeting jointly shall be the special Michigan consumer’s council.

  (2) The business which the special Michigan consumer’s council may perform shall be conducted at a public meeting of the council held in compliance with Act No. 267 of the Public Acts of 1976, as amended, being section 15.261 to 15.275 of the Michigan Compiled Laws. Public notice of the time, date, and place of a meeting shall be given in the manner required by Act No. 267 of the Public Acts of 1976, as amended.