00                      CS FOR SENATE BILL NO. 379(JUD)                                                                   
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       The grounds for [. A] removal by the governor must be in writing and must state the                           
10       reason for the removal.  The member shall be given an opportunity to be heard in                              
11       person or through counsel at a public hearing before the governor or the                                      
12       governor's designee upon at least 10 days' notice.  The member may confront and                               
13       cross-examine adverse witnesses.  A member who is removed by the governor may                                 
14       not participate in board business and may not be counted for purposes of establishing a                           

01       quorum after the member receives written notice of removal from the governor.  Upon                           
02       removal, the governor or the governor's 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).