Ala. Admin. Code r. 800-1-3-.07

Current through Register Vol. 43, No. 1, October 31, 2024
Section 800-1-3-.07 - Meetings
(1) The Board of Control shall have two regular meetings each year, one in the spring and one in the fall. At one of these meetings the actuary and the investment advisor shall meet with the Board.
(2) Special meetings may be called by the chairman when situations arise which require such special meetings or upon the written request of four or more members of the Board of Control.
(3) All meetings of the Board of Control shall be open to the public at all times and all meetings at which official action is taken by the Board of Control shall be open to the public. Any resolution, rule, regulation, or formal action taken in noncompliance with this section is invalid and not binding upon the Board of Control.
(4) The Board may meet in executive session for the purpose of discussing the reputation or good name of an individual. However, any formal action taken as a result of executive session must be made in open meeting.
(5) The secretary-treasurer of the Teachers' Retirement System shall provide notice in either written or telephoned form to each member of the Board of Control. Notice of all meetings of the Board will be announced.
(6) A record of all Board proceedings shall be open to public inspection. Such records shall be available in the office of the secretary-treasurer.

Author: William T. Stephens, General Counsel, RSA.

Ala. Admin. Code r. 800-1-3-.07

Filed September 30, 1982; effective October 1, 1982.

Statutory Authority:Code of Ala. 1975, § 16-25-19(h).