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Maine Revised Statutes Title 20-A. Education § 11484. Advisory Committee on Education Savings

Current as of January 01, 2025 | Updated by Findlaw Staff

The Advisory Committee on Education Savings, referred to in this chapter as the “advisory committee,” is created to provide advice to the authority on the operation of the program and investment of the program fund.

1. Membership. The advisory committee consists of 8 members as follows:

A. Deleted. Laws 2017, c. 200, § 1, eff. Nov. 1, 2017.

B. Repealed. Laws 2001, c. 417, § 18.

B-1. Repealed. Laws 2011, c. 420, § G-1.

B-2. One member appointed by the Governor from the public;

C. Four members appointed by the Governor with experience in and knowledge of institutional investment of funds; and

D. Repealed. Laws 2011, c. 420, § G-4.

E. Deleted. Laws 2017, c. 200, § 1, eff. Nov. 1, 2017.

F. Three members appointed by the chair of the board who are members of the board.

The chair of the advisory committee must be appointed annually by the chair of the board.

2. Terms. Members appointed by the Governor must be appointed for terms of 4 years. Members appointed by the chair of the board are appointed for terms of one year. Members may be removed for cause.

A, B. Repealed. Laws 2001, c. 417, § 20.

3. Compensation. Members of the advisory committee are compensated in accordance with Title 5, chapter 379.

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Cite this article: FindLaw.com - Maine Revised Statutes Title 20-A. Education § 11484. Advisory Committee on Education Savings - last updated January 01, 2025 | https://codes.findlaw.com/me/title-20-a-education/me-rev-st-tit-20-a-sect-11484/

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