Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 611 - MAINE EDUCATION SAVINGS PROGRAM (Amendment 18)
Section 457-611-3 - ADVISORY COMMITTEE ON EDUCATION SAVINGS

Universal Citation: 94 ME Code Rules ยง 457-611-3

Current through 2024-13, March 27, 2024

A. The chair of the advisory committee is appointed annually by the chair of the Authority's board of directors. The chair shall be responsible for the conduct of each meeting.

B. The advisory committee shall elect a vice chair from among its members. The vice chair shall be responsible for the conduct of a meeting in the absence of the chair.

C. A quorum of four members must be present to conduct the business of the advisory committee.

D. The advisory committee shall provide advice to the Authority, pursuant to the Program Act, on the operation of the program and investment of the program fund and, in addition, on such other matters as the chief executive officer may request. In order to carry out the Program Act, the chief executive officer shall provide to the advisory committee, prior to implementation, proposals for selection of investment managers and consultants and other elements of fund investment and program operation, and shall report to the advisory committee from time to time concerning such matters.

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