§47-2-303.

§47-2-303.
   
   A. There shall be an "Oklahoma Law Enforcement Retirement Board" to
   administer the fund of the System. The Board shall be composed of the
   Assistant Commissioner of Public Safety, the Director of State Finance
   or his designee, three (3) members to be appointed by the Governor one
   of whom shall be a retired member of the System, one (1) member to be
   appointed by the Speaker of the House of Representatives, one (1)
   member to be appointed by the President Pro Tempore of the Senate, two
   (2) members of the Highway Patrol Division and one (1) member of the
   Communication Division of the Department of Public Safety, one (1)
   member of the Oklahoma State Bureau of Investigation, one (1) member
   of the Oklahoma State Bureau of Narcotics and Dangerous Drugs Control
   and one (1) member of the Alcoholic Beverage Laws Enforcement
   Commission, elected by and from the membership of the System. The
   terms of elected members of the Board now serving shall expire on June
   30, 1980. The present Board shall conduct an election for the
   selection of elected members of the Board, prior to the operative date
   of this act. One member of the Oklahoma Highway Patrol and the member
   of the Oklahoma State Bureau of Investigation, initially elected,
   shall serve through June 30, 1982, the member of the Oklahoma
   Alcoholic Beverage Control Board, initially elected, shall serve
   through June 30, 1984, and the remaining elected members shall serve
   through June 30, 1983. Members subsequently elected shall serve for
   terms of three (3) years.
   
   B. 1. The initial term of office of the member appointed to the Board
   by the Speaker of the House of Representatives and the member
   appointed to the Board by the President Pro Tempore of the Senate
   shall expire on January 3, 1989. The members thereafter appointed by
   the Speaker of the House of Representatives and by the President Pro
   Tempore of the Senate shall serve terms of office of four (4) years.
   
   2. The member appointed by the Governor serving on the Board on the
   operative date of this act shall serve the remainder of the unexpired
   term of the member. The member appointed by the Governor to fill that
   position after the expiration of the term of office of the member
   serving on the operative date of this act shall serve through January
   13, 1991. The members thereafter appointed by the Governor shall serve
   a term of office of four (4) years which is coterminous with the term
   of office of the office of the appointing authority.
   
   3. The initial term of office of the two additional appointments to
   the Board by the Governor shall expire on January 14, 1991. The
   members thereafter appointed by the Governor shall serve terms of
   office of four (4) years which are coterminous with the term of office
   of the office of the appointing authority.
   
   4. Vacancies shall be filled for the unexpired term of office in the
   same manner as the original appointment was made.
   
   C. The members appointed to the Board by the Speaker of the House of
   Representatives, by the President Pro Tempore of the Senate and by the
   Governor or a member who is a designee of an ex officio member of the
   Board shall:
   
   1. Have demonstrated professional experience in investment or funds
   management, public funds management, public or private pension fund
   management or retirement system management; or
   
   2. Have demonstrated experience in the banking profession and have
   demonstrated professional experience in investment or funds
   management; or
   
   3. Be licensed to practice law in this state and have demonstrated
   professional experience in commercial matters; or
   
   4. Be licensed by the Oklahoma State Board of Public Accountancy to
   practice in this state as a public accountant or a certified public
   accountant.
   
   The appointing authorities, in making appointments that conform to the
   requirements of this subsection, shall give due consideration to
   balancing the appointments among the criteria specified in paragraphs
   1 through 4 of this subsection.
   
   D. No member of the Board shall be a lobbyist registered in this state
   as provided by law.
   
   E. Notwithstanding any of the provisions of this section to the
   contrary, any person serving as an appointed member of the Board on
   the operative date of this act shall be eligible for reappointment
   when the term of office of the member expires.
   
   F. Every two (2) years, one of the members of the Board shall be
   selected by the Board as president and another member as secretary of
   the Board.
   
   G. Any member of the Board elected by the membership of the System may
   be recalled for cause at a special election held for that purpose by
   the members of the System. Such an election shall be called and held
   by the president and secretary of the Board upon a written request
   therefor signed by not less than one-third (1/3) of the members of the
   System and shall be held pursuant to notice given to all members of
   the System stating the date for such election which shall not be less
   than ten (10) days from the date of the issuance of such notice. All
   members of the System shall be entitled to vote by secret ballot and,
   if two-thirds (2/3) or more of the membership of the System vote for
   his recall, the elected member of the Board designated in such
   request, notice and secret ballot shall cease to be a member of the
   Board and the president and secretary of the Board shall call and hold
   a special election by the members of the System to fill the remainder
   of the term of the member so recalled.
   
   H. The Oklahoma Law Enforcement Retirement System shall retain an
   Executive Director and shall establish the Executive Director's
   compensation. The Executive Director shall be the managing and
   administrative officer of the System and as such shall have charge of
   the office, records and supervision and direction of the employees of
   the System. The Executive Director shall be responsible for the
   overall operations and to perform duties specified in Section 2-300 of
   this title and as specified by the Board. The Executive Director shall
   be subject to the policy directions of the Board and may employ such
   persons as are deemed necessary to administer the System.