SB 92: "An Act relating to removal of members of the board of trustees of the Alaska Permanent Fund Corporation; and providing for an effective date."
00 SENATE BILL NO. 92 01 "An Act relating to removal of members of the board of trustees of the Alaska 02 Permanent Fund Corporation; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 37.13.070(a) is amended to read: 05 (a) The governor may remove a public member of the board from office only 06 for cause. A removal by the governor must be in writing and must state the reason for 07 the removal. A member who is removed by the governor may not participate in board 08 business and may not be counted for purposes of establishing a quorum after the 09 member receives written notice of removal from the governor. 10 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).