Nebraska Statutes 72-1240. State investment officer; appointment; qualifications; salary; removal
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The council shall appoint a state investment officer. The appointment shall be subject to the approval of the Governor and a majority of the Legislature. The state investment officer shall be a person well qualified by training to administer and invest the money available for investment, and he or she shall have at least five years of experience in the management of investment portfolios. The state investment officer’s salary shall be fixed by the council at not less than twenty-five thousand dollars per year. The state investment officer shall serve without term and may be removed for cause by the council.
Source
- Laws 1969, c. 584, § 4, p. 2350;
- Laws 1974, LB 396, § 1;
- Laws 1996, LB 847, § 22;
- Laws 1997, LB 4, § 2.
Terms Used In Nebraska Statutes 72-1240
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
- Year: shall mean calendar year. See Nebraska Statutes 49-801