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Board Fact Sheet
Board Roster
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Board Facts
Board Name
Board Number
Department
Status
Active
Website
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Description
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The board consists of 6 members appointed by Governor: 4 public members with recognized competence/wide experience in finance, investments, or other business management-related fields; 2 heads of principal departments, 1 being the Commissioner of the Department of Revenue; vacancies to be filled promptly; terms of public members shall be staggered so that no more than one term of a public member expires each year.
Function
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The board manages and invests the assets of the permanent fund and other funds designated by law.
Special Facts
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A quorum consists of 4 members. Public members may be removed by the Governor only for cause. Notice must be in writing and must state the reason for removal. The board reports by September 30 to the Governor, Legislature, and public.
Other Compensation
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Board Meets
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Requirements
Financial Disclosure Required
No
Yes
Legislative Confirmation Required
No
Yes
Authority
Statute
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Public Law
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Other Authority
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Primary Contact
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Phone
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Fax
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Email
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