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24-4-105. Board of trustees — Meetings — Powers and duties.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-4-105. Board of trustees — Meetings — Powers and duties.
(a)(1) The Board of Trustees of the Arkansas Public Employees' Retirement System shall hold meetings regularly, at least one (1) meeting in each quarter year, and shall designate the time and place of the meeting.
(2) Special meetings may be held in accordance with such rules as the board shall adopt from time to time.
(3) Five (5) trustees shall constitute a quorum at any meeting of the board, and at least five (5) concurring votes shall be necessary for a decision by the board at any of its meetings.
(b) In addition to such other duties as are imposed upon the board by this act, the board shall:
(1) Make all rules as it shall deem necessary from time to time in the transaction of its business and in administering the Arkansas Public Employees' Retirement System;
(2) Provide for the administrative direction and control of the Executive Director of the Arkansas Public Employees' Retirement System and such clerical staff as may be required in the administration of the system;
(3) Provide for an actuarial valuation of the system as may be deemed necessary by the board;
(4) Exercise discretionary power and authority in the investments of, and disbursements of, the funds of the system, subject to the provisions of this act;
(5) Adopt such mortality and other tables of experience, and a rate or rates of interest, as shall be required in the proper operation of the system;
(6) Perform the duties of trustee without additional compensation therefor, but may receive expense reimbursement in accordance with § 25-16-901 et seq.; and
(7) Do any and all things necessary for the proper administration of the system and for carrying out and making effective the provisions of this act.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-4-105
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:24-4-105
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: d92c8c5024970d348d3fb5341f7c86ed2ff714f4d39cfd7c929103560080f3fe
Source location: content.xml paragraph 1463
Stored source content
24-4-105. Board of trustees — Meetings — Powers and duties.
(a)(1) The Board of Trustees of the Arkansas Public Employees' Retirement System shall hold meetings regularly, at least one (1) meeting in each quarter year, and shall designate the time and place of the meeting.
(2) Special meetings may be held in accordance with such rules as the board shall adopt from time to time.
(3) Five (5) trustees shall constitute a quorum at any meeting of the board, and at least five (5) concurring votes shall be necessary for a decision by the board at any of its meetings.
(b) In addition to such other duties as are imposed upon the board by this act, the board shall:
(1) Make all rules as it shall deem necessary from time to time in the transaction of its business and in administering the Arkansas Public Employees' Retirement System;
(2) Provide for the administrative direction and control of the Executive Director of the Arkansas Public Employees' Retirement System and such clerical staff as may be required in the administration of the system;
(3) Provide for an actuarial valuation of the system as may be deemed necessary by the board;
(4) Exercise discretionary power and authority in the investments of, and disbursements of, the funds of the system, subject to the provisions of this act;
(5) Adopt such mortality and other tables of experience, and a rate or rates of interest, as shall be required in the proper operation of the system;
(6) Perform the duties of trustee without additional compensation therefor, but may receive expense reimbursement in accordance with § 25-16-901 et seq.; and
(7) Do any and all things necessary for the proper administration of the system and for carrying out and making effective the provisions of this act.
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Arkansas Code — all titles (historical 2020) · legal_authorities
25-16-901. Definitions — Limitations.
(a) For purposes of this subchapter, the term “state board” means every state board, commission, committee, council, task force, and similar entity except the General Assembly, the State Highway Commission, and the Arkansas State Game and Fish Commission.
(b) This subchapter shall have no effect on the payment of mileage, expense reimbursement, and per diem authorized by law to be paid to members of the General Assembly, the State Highway Commission, and the Arkansas State Game and Fish Commission.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 25-16-901
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 25-16-901. This identifies an authority to review, not proof of applicability.