Enrolled SB 379: Providing that public members of the Board of Trustees of the Alaska Permanent Fund Corporation may be removed only for cause; and providing for an effective date.
00Enrolled SB 379 01 Providing that public members of the Board of Trustees of the Alaska Permanent Fund 02 Corporation may be removed only for cause; and providing for an effective date. 03 _______________ 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).