Legislature(1995 - 1996)
03/09/1995 03:35 PM Senate STA
| Audio | Topic |
|---|
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
SSTA - 3/9/95
SB 89 PERMANENT FUND BOARD MEMBERS & STAFF
SENATOR SHARP brings up SB 89 as the next order of business before
the Senate State Affairs Committee and calls the first witness.
Number 360
SENATOR RIEGER briefly summarizes the sponsor statement. Senator
Rieger summarizes the feedback from the Alaska Permanent Fund
Corporation (APFC), saying the corporation is neutral on SB 89. He
has received two suggestions for amendments. The first suggestion
was that the language, "recognized competence and wide experience
in investment portfolio management" is to demanding a requirement
for all members of the board to have. So Senator Rieger asks that
the bill be changed to require just two members of the board to
have that kind of experience. The second suggestion was that the
term, "for cause" was very broad and vague. So in the second
amendment, Senator Rieger attempts to spell out what that term
would entail. He models the definition of "for cause" on other
definitions already in Alaska Statutes.
SENATOR LEMAN wants to know under the term, "for cause" if there
would be instances of personal behavior or activities for which a
board member could be removed.
SENATOR RIEGER states the definition is modeled after references to
the Commissioner of the Department of Education, and address only
performance in office and performance related to the duties in
office. Where "for cause" is spelled out, performance has to do
with performance in office, and not performance outside of office.
SENATOR LEMAN comments there are some things that are so vile, he
thinks everyone would want to see that person removed from office.
SENATOR RIEGER states the more broad that definition is, the harder
it will be to determine whether the removal really was done for
cause. At some point, the outside action of a member may trigger
dismissal under paragraph (1), which addresses inability to perform
duties.
SENATOR LEMAN comments, such as if the person was in jail.
Number 440
CHAIRMAN SHARP also adds a governor could probably dismiss a member
with the reason that there was an overwhelming lack of public
confidence in a member's performance or ability to perform.
SENATOR LEMAN makes a motion to adopt the amendment to SB 89.
CHAIRMAN SHARP, hearing no objection, states the amendment has been
adopted.
Number 450
SENATOR DUNCAN asks if there has been any response requested from
the administration.
SENATOR RIEGER responds there has been no response requested from
the administration, other than the response from APFC.
SENATOR DUNCAN thinks a response should be requested from the
administration.
CHAIRMAN SHARP agrees with Senator Duncan. The chairman asks that
a response from the administration be requested so that the next
committee of referral (Senate Finance Committee) will have that.
Number 470
SENATOR LEMAN makes a motion to discharge SB 89 from the Senate
State Affairs Committee with individual recommendations.
Number 472
CHAIRMAN SHARP, hearing no objection, orders SB 89 released from
committee with individual recommendations.
| Document Name | Date/Time | Subjects |
|---|