00                       CS FOR HOUSE BILL NO. 544(STA)                                                                    
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.  A removal by the governor must be in writing and must state the reason for                        
08       the removal.  A member who is removed by the governor may not participate in board                                
09       business and may not be counted for purposes of establishing a quorum after the                                   
10       member receives written notice of removal from the governor.                                                      
11    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).