00                            SENATE BILL NO. 379                                                                         
01 "An Act providing that public members of the Board of Trustees of the Alaska                                            
02 Permanent Fund Corporation may be removed only for cause; and providing for an                                          
03 effective date."                                                                                                        
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  AS 37.13.070(a) is amended to read:                                                                  
06            (a)  The governor may remove a public member of the board from office only                           
07       for cause, including inefficiency, neglect of duty, misconduct in office, or because                          
08       the member while serving on the board is convicted of a misdemeanor or felony                                 
09       involving moral turpitude.  The grounds for [A] removal by the governor must be                           
10       in writing and must state the reason for the removal.  The member shall be given an                           
11       opportunity to be heard in person or through counsel at a public hearing before                               
12       the governor or a designee upon at least 10 days' notice.  The member may                                     
13       confront and cross-examine adverse witnesses.  A member who is removed by the                                 
14       governor may not participate in board business and may not be counted for purposes                                

01       of establishing a quorum after the member receives written notice of removal from the                             
02       governor.  Upon removal, the governor or a designee shall file in the office of the                           
03       lieutenant governor the findings and a complete statement of all grounds for                                  
04       removal asserted against the member.                                                                          
05    * Sec. 2.  The uncodified law of the State of Alaska is amended by adding a new section to                         
06 read:                                                                                                                   
07       APPLICABILITY.  This Act applies to public members of the Board of Trustees of                                    
08 the Alaska Permanent Fund Corporation appointed under AS 37.13.050                                                      
09            (1)  on or after the effective date of this Act; or                                                          
10            (2)  before the effective date of this Act, and serving in that capacity on the                              
11 effective date of this Act.                                                                                             
12    * Sec. 3.  This Act takes effect immediately under AS 01.10.070(c).