| 1 | Representative Reagan offered the following: |
| 2 |
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| 3 | Amendment |
| 4 | Remove lines 384-393 and insert: |
| 5 | expertise in insurance. The Chief Financial Officer shall |
| 6 | designate one of the appointees as chair. All board members |
| 7 | serve at the pleasure of the appointing officer. All members of |
| 8 | the board of governors are subject to removal at will by the |
| 9 | officers who appointed them. All board members, including the |
| 10 | chair, must be appointed to serve for 3-year terms beginning |
| 11 | annually on a date designated by the plan. Any board vacancy |
| 12 | shall be filled for the unexpired term by the appointing |
| 13 | officer. The Chief Financial Officer shall appoint a |