The bill amends subsection 1 of section 15-39.1-05.1 of the North Dakota Century Code, which pertains to the composition of the teachers' fund for retirement board. The revised structure of the board includes appointments made by the governor from lists of nominees provided by various educational organizations. Specifically, the governor will appoint two active teachers, one school administrator, and two retired members of the fund, ensuring a diverse representation of stakeholders in the education sector.

Notably, the bill introduces new language that allows the state treasurer or a designee from the office of the state treasurer to serve on the board, as well as the superintendent of public instruction or a designee from the department of public instruction. This change aims to enhance the board's operational flexibility by permitting designated representatives to fulfill these roles, thereby ensuring that the board remains functional even if the primary appointees are unavailable.

Statutes affected:
INTRODUCED: 15-39.1-05.1
Adopted by the Senate State and Local Government Committee: 15-39.1-05.1
FIRST ENGROSSMENT: 15-39.1-05.1
Enrollment: 15-39.1-05.1