CSSB 379(JUD): "An Act 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."
00 CS FOR SENATE BILL NO. 379(JUD) 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, including inefficiency, neglect of duty, misconduct in office, or because 08 the member, while serving on the board, is convicted of a misdemeanor or felony. 09 The grounds for [. A] removal by the governor must be in writing and must state the 10 reason for the removal. The member shall be given an opportunity to be heard in 11 person or through counsel at a public hearing before the governor or the 12 governor's designee upon at least 10 days' notice. The member may confront and 13 cross-examine adverse witnesses. A member who is removed by the governor may 14 not participate in board business and may not be counted for purposes of establishing a
01 quorum after the member receives written notice of removal from the governor. Upon 02 removal, the governor or the governor's designee shall file, in the office of the 03 lieutenant governor, the findings and a complete statement of all grounds for 04 removal asserted against the member. 05 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 06 read: 07 APPLICABILITY. This Act applies to public members of the Board of Trustees of 08 the Alaska Permanent Fund Corporation appointed under AS 37.13.050 09 (1) on or after the effective date of this Act; or 10 (2) before the effective date of this Act and serving in that capacity on the 11 effective date of this Act. 12 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).