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SB 115: "An Act eliminating financial disclosure requirements by members of certain state boards and commissions who serve substantially as volunteers and are not compensated for their services; and providing for an effective date."

00 SENATE BILL NO. 115 01 "An Act eliminating financial disclosure requirements by members of certain state 02 boards and commissions who serve substantially as volunteers and are not compensated 03 for their services; and providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 18.26.030(b) is amended to read: 06 (b) The four public members appointed under (a)(4) of this section serve for 07 staggered four-year terms. Each must be a resident of the state and a qualified voter at 08 the time of appointment [AND SHALL COMPLY WITH THE REQUIREMENTS OF 09 AS 39.50 (PUBLIC OFFICIAL FINANCIAL DISCLOSURE)]. Each member shall 10 hold office for the term of the appointment and until a successor has been appointed 11 and qualified. A member is eligible for reappointment. A vacancy on the board of 12 directors occurring other than by expiration of term shall be filled in the same manner 13 as the original appointment but for the unexpired term only. Each member of the 14 board, before entering upon the duties of office, shall take and subscribe to an oath to

01 perform the duties of office faithfully, impartially, and justly to the best of the 02 member's ability. A record of the oath shall be filed in the Office of the Governor. 03 * Sec. 2. AS 41.41.090(a) is amended to read: 04 (a) The [MEMBERS OF THE BOARD AND THE] chief executive officer of 05 the authority are subject to the provisions of AS 39.50. 06 * Sec. 3. AS 44.85.030 is amended to read: 07 Sec. 44.85.030. Membership and vacancies. The bond bank authority 08 consists of the following five directors: the commissioner of revenue, the 09 commissioner of commerce, community, and economic development, who shall each 10 be a director ex officio with voting privileges, and three directors appointed by the 11 governor. The appointment of each director other than the commissioner of revenue 12 and the commissioner of commerce, community, and economic development is 13 subject to confirmation by the legislature. The three directors appointed by the 14 governor serve at the governor's pleasure for four-year terms. They must be residents 15 of the state and qualified voters at the time of appointment [AND SHALL COMPLY 16 WITH THE REQUIREMENTS OF AS 39.50 (PUBLIC OFFICIAL FINANCIAL 17 DISCLOSURE)]. Each director shall hold office for the term of appointment and until 18 a successor has been appointed and qualified. A director is eligible for reappointment. 19 A vacancy in a directorship occurring other than by expiration of term shall be filled in 20 the same manner as the original appointment but for the unexpired term only. Each 21 director, before entering upon the duties of office, shall take and subscribe to an oath 22 to perform the duties faithfully, impartially, and justly to the best of the director's 23 ability. A record of the oath shall be filed in the office of the governor. 24 * Sec. 4. AS 39.50.200(b)(2), 39.50.200(b)(3), 39.50.200(b)(4), 39.50.200(b)(7), 25 39.50.200(b)(11), 39.50.200(b)(13), 39.50.200(b)(16), 39.50.200(b)(18), 39.50.200(b)(21), 26 39.50.200(b)(26), 39.50.200(b)(32), 39.50.200(b)(33), 39.50.200(b)(35), 39.50.200(b)(44), 27 39.50.200(b)(45), 39.50.200(b)(52), 39.50.200(b)(55), 39.50.200(b)(56), and 28 39.50.200(b)(57) are repealed. 29 * Sec. 5. This Act takes effect immediately under AS 01.10.070(c).