4-5-13 Appointment and terms of investment council members.
Appointment and terms of investment council members.
The State Investment
Council shall consist of eight voting members. Five members of the council shall be appointed by
the Executive Board of the Legislative Research Council and the executive board may appoint
persons holding public office, appointive or elective, provided that no more than three members of
the State Investment Council, at any one time, shall hold public office. Action shall be by majority
vote. Each of the members of the State Investment Council shall be appointed for a term of five
years. No more than four appointed members may be members of the same political party. In
addition to those members appointed by the executive board, the state treasurer, the commissioner
of school and public lands, and the executive director of the South Dakota Retirement System shall
serve as ex officio voting members.
Source: SL 1971, ch 27, §§ 2, 3; SL 1976, ch 49; SL 1977, ch 35, § 2; SL 1981, ch 28, § 1; SL
1986, ch 42, § 1; SL 2016, ch 35, § 1.