Retirement System Investment Commission- ex officio board member
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies the South Carolina Code of Laws to include the Chief Executive Officer of the Retirement System Investment Commission as an ex officio member of the State Ports Authority and the Public Service Authority boards of directors. Specifically, it adjusts membership requirements and meeting attendance rules for these boards, granting the Retirement System Investment Commission’s CEO the same rights and obligations as other ex officio members, including the ability to attend executive sessions, with certain exceptions related to confidential discussions. The bill also removes the Retirement System Investment Commission’s CEO from appointment consideration for the State Ports Authority board.
Key provisions
- Adds the Chief Executive Officer of the Retirement System Investment Commission as an ex officio member of the State Ports Authority board of directors.
- Adds the Chief Executive Officer of the Retirement System Investment Commission as an ex officio member of the Public Service Authority board of directors.
- Permits ex officio members to attend executive session meetings.
- Excludes the Chief Executive Officer of the Retirement System Investment Commission from appointment to the State Ports Authority board.
- Modifies the qualifications for board members, excluding the Retirement System Investment Commission’s CEO.
- Clarifies the roles and responsibilities of ex officio members, including their obligations and limitations.
- Specifies exceptions for ex officio member exclusion from executive sessions related to specific negotiations and legal advice.
Bill text
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Sponsors
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1 on record
Primary sponsor
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