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ND HB1249
Bill
Status
Engrossed
2/25/2013
Primary Sponsor
Keith Kempenich
Click for details
AI Summary
- Amends North Dakota Century Code section 21-10-01 to modify the composition and operations of the state investment board
- Board membership consists of the governor, state treasurer, one senator and one house member (appointed by legislative management chairman), commissioner of university and school lands, director of workforce safety and insurance, insurance commissioner, three teachers' fund for retirement board designees, two elected public employees retirement system board members, and one additional public employees retirement system board member
- Allows the director of workforce safety and insurance, teachers' fund for retirement board, and public employees retirement system board each to appoint alternate designees with full voting privileges when primary members cannot attend
- Compensates board members (except elected officials and the workforce safety and insurance director) at $148 per day plus mileage and travel expenses; legislative appointees receive compensation under section 54-35-10 with the legislative council covering those costs
- Authorizes the state investment board to establish an advisory council of investment professionals, with members receiving the same compensation as Bank of North Dakota advisory board members plus mileage and travel expenses
Legislative Description
The membership of the state investment board.
Last Action
Second reading, failed to pass, yeas 8 nays 39
4/2/2013
Committee Referrals
Government and Veterans Affairs2/25/2013
Appropriations2/1/2013
Government and Veterans Affairs1/14/2013
Full Bill Text
No bill text available