Oklahoma § 62-2308 - Board of Directors - Officers

§ 62-2308. Board of Directors - Officers

A. Section 40 of Article X of the Oklahoma Constitution created

the Board of Directors of the Tobacco Settlement Endowment Trust

Fund.

B. The members of the Board of Directors shall receive no

salary for serving on the Board. All members shall receive

necessary travel expenses for the performance of their official

duties in accordance with the provisions of the State Travel

Reimbursement Act, provided that members of the Board of Directors

shall be paid necessary travel expenses pursuant to the State Travel

Reimbursement Act by their appointing authority until the Board of

Directors adopts its initial budget and monies are made available

for expenditures pursuant to the budget.

C. The Board of Directors shall serve at the pleasure of their

appointing authority, not to exceed a seven-year term of office.

D. The Board of Directors shall annually elect a chair and any

other officers, provided that no member shall be elected chair for

more than two (2) consecutive years.

E. The initial meeting of the Board of Directors shall be

called by the Attorney General and the State Treasurer.

Added by Laws 2001, c. 274, § 8, emerg. eff. May 31, 2001. Amended

by Laws 2001, c. 372, § 1, emerg. eff. June 4, 2001; Laws 2025, c.

469, § 1.