Okla. Stat. tit. 47, § 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 Commissioner of Public Safety or his designee, the

Director of the Office of Management and Enterprise Services or his

designee, three members to be appointed by the Governor one of whom

shall be a retired member of the System, one member to be appointed

by the Speaker of the House of Representatives, one member to be

appointed by the President Pro Tempore of the Senate, two members of

the Highway Patrol Division and one member of the Communication

Division of the Department of Public Safety, one member of the

Oklahoma State Bureau of Investigation, one member of the Oklahoma

State Bureau of Narcotics and Dangerous Drugs Control and one 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

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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 Accountancy Board 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
nagement; 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 Accountancy Board 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

Oklahoma Statutes - Title 47. Motor Vehicles Page 121

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.