Text: SSB00210 Text: SSB00212 Text: SSB00200 - SSB00299 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 97B.8, unnumbered paragraph 2, Code 1 2 1997, is amended to read as follows: 1 3 The board consists of nine members. Six of the members 1 4 shall be appointed by the governor. One member shall be an 1 5 executive of a domestic life insurance company, one an 1 6 executive of a state or national bank operating within the 1 7 state of Iowa, one an executive of an industrial corporation 1 8 located within the state of Iowa, and three shall be members 1 9 of the system, one of whom is an active member who is an 1 10 employee of a school district, area education agency, or 1 11 merged area, one of whom is an active member who is not an 1 12 employee of a school district, area education agency, or 1 13 merged area, and one of whom is a retired member of the 1 14 system. Of the members appointed by the governor, at least 1 15 two shall have investment experience. The president of the 1 16 senate, after consultation with the majority leader and the 1 17 minority leader of the senate, shall appoint one member from 1 18 the membership of the senate and the speaker of the house of 1 19 representatives shall appoint one member from the membership 1 20 of the house. The two members appointed by the president of 1 21 the senate, after consultation with the majority leader and 1 22 the minority leader of the senate, and the speaker of the 1 23 house of representatives and the two active members of the 1 24 system appointed by the governor are ex officio members of the 1 25 board. The director of the department of personnel is an ex 1 26 officio, nonvoting member of the board. Five voting members 1 27 of the board shall constitute a quorum. 1 28 EXPLANATION 1 29 This bill provides that of the six persons appointed by the 1 30 governor to be members of the IPERS investment board, at least 1 31 two shall have investment experience. 1 32 LSB 2692SC 77 1 33 ec/sc/14
Text: SSB00210 Text: SSB00212 Text: SSB00200 - SSB00299 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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