2007 ORS 293.706¹
Oregon Investment Council
  • appointment
  • term
  • vacancies

(1) There is created the Oregon Investment Council, consisting of five voting members and one nonvoting member.

(2) The Governor shall appoint four voting members, subject to Senate confirmation in the manner provided in ORS 171.562 (Procedures for confirmation) and 171.565 (Vote required for confirmation). The members appointed by the Governor must be qualified by training and experience in the field of investment or finance.

(3) The Governor may appoint a member of the council under subsection (2) of this section who is also a member of the Public Employees Retirement Board appointed under ORS 238.640 (Qualifications of board members) (4). Except as provided in this subsection, members appointed by the Governor may not hold any other public office or public employment.

(4) The State Treasurer shall be a voting member.

(5) The Director of the Public Employees Retirement System shall be an ex officio member of the council with no voting power.

(6) The term of office of each appointed member of the council is four years, but each appointed member serves at the pleasure of the Governor. A vacancy in the appointed membership occurring other than by expiration of term shall be filled in the same manner as the original appointment, but for the unexpired term only.

(7) An appointed member may not be appointed to more than two full terms in any 12-year period. [1967 c.335 §2; 1987 c.877 §1; 2001 c.217 §1; 2003 c.69 §3; 2003 c.625 §§24,25; 2005 c.180 §§1,2; 2007 c.623 §2]

Atty. Gen. Opinions

Federal social security with­hold­ing taxes with respect to public members of Oregon Invest­ment Council, (1978) Vol 38, p 2117

Atty. Gen. Opinions

Effect of Board of Higher Educa­tion order directing divestiture of stock in companies doing business in Southern Africa, (1978) Vol 38, p 2017; State Treasurer authority to enter into reverse repurchase agree­ments, (1979) Vol 39, p 569; real estate holdings through invest­ment for Oregon Public Employes' Retire­ment Fund, (1981) Vol 41, p 503; Statutory and fiduciary duties of treasurer and Or. Invest­ment Council to PERF, (1993) Vol 46, p 506

Chapter 293

Atty. Gen. Opinions

Duty or authority of Secretary of State to con­duct performance audits, (1985) Vol. 44, p 381

1 Legislative Counsel Committee, CHAPTER 293—Administration of Public Funds, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­293.­html (2007) (last ac­cessed Feb. 12, 2009).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 293, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­293ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.