- (a) The board of trustees shall at least annually review the eligibility status of members serving on an advisory committee established to provide advice to the board on investments and investment-related issues.
(b) It is a ground for removal from a committee described by Subsection (a) that a person is:
- (1) not qualified for appointment to the committee under Section 815.5091 or 815.5092;
- (2) unable to discharge the person's duties on the committee because of illness, disability, or other personal circumstances; or
- (3) absent from more than half of the scheduled meetings of the committee that the person is eligible to attend during a calendar year.
- (c) If the executive director or a member of the advisory committee has knowledge that a potential ground for removal exists, the executive director or committee member shall notify the presiding officer of the board of trustees of the potential ground for removal.
- (d) This section does not limit the power of the board of trustees to remove a person from the advisory committee under Section 815.509(a).
- (e) The board of trustees may prescribe the process for removal from a committee described by Subsection (a).
Added by Acts 2011, 82nd Leg., R.S., Ch. 1001 (H.B. 2193), Sec. 1, eff. September 1, 2011.