Section 303 – Board authority and duties.
Effective 5/8/2018 53D-1-303. Board authority and duties. (1) The board has broad policymaking authority over the office and the trust fund. (2) (a) The board shall establish policies for the management of: (i) the office, including: (A) an investment management code of conduct and associated compliance policy; (B) a policy for the strategic allocation of […]
Section 304 – Board meetings — Closed meetings.
Effective 5/5/2021 53D-1-304. Board meetings — Closed meetings. (1) The board shall hold at least four meetings per year to conduct business. (2) The board chair or two board members: (a) may call a board meeting; and (b) if calling a board meeting, shall provide as much advance notice as is reasonable under the circumstances […]
Section 301 – Board of trustees — Creation — Membership.
Effective 5/12/2015 53D-1-301. Board of trustees — Creation — Membership. (1) There is created a School and Institutional Trust Fund Board of Trustees. (2) The board consists of: (a) the state treasurer; and (b) four additional members who are appointed by the state treasurer on a nonpartisan basis from a list of at least two […]
Section 302 – Board chair and vice chair — Quorum.
Effective 7/1/2014 53D-1-302. Board chair and vice chair — Quorum. (1) (a) The state treasurer is the chair of the board. (b) The chair shall faithfully represent the will of the board to the extent the board’s will is consistent with state law. (2) (a) The board shall annually select a vice chair from its […]