AR SB425

Expands the State Board of Finance's selection authority to include four positions within the Treasurer of State's office: Chief Investment Officer, Senior Investment Manager I, Treasurer Manager V, and Treasurer Manager IV (previously only the Chief Investment Officer).

Requires all four selected employees to be employed by the State Board of Finance, work under the direction of the Treasurer of State consistent with board policies, and serve at the pleasure of the board.

Declares an emergency based on the state's reliance on investment expertise and the necessity of additional staffing to safeguard state investments.

Makes the bill effective immediately upon gubernatorial approval, expiration of the gubernatorial veto period, or veto override by the legislature.