Idaho State Statutes - Idaho Attorney Directory

(1) The governor shall appoint
seven (7) persons to be the board of trustees of the Idaho petroleum clean
water trust fund. One (1) member shall be a member of the state senate, one
(1) member shall be a member of the state house of representatives, one (1)
member shall be a representative of the financial community with expertise in
the area of insurance, accounting or finance, one (1) member shall be an
engineer, geologist or similarly trained scientist with experience in
environmental remediation, one (1) member shall be a wholesale distributor of
petroleum products who participates in the trust fund and has less than five
million (5,000,000) gallons in annual sales, one (1) member shall be a
wholesale distributor of petroleum products who participates in the trust fund
and has from five million (5,000,000) to ten million (10,000,000) gallons in
annual sales, and one (1) member shall be a retailer of petroleum products who
participates in the trust fund and has more than ten million (10,000,000)
gallons in annual sales. The governor shall appoint a chairman from the seven
(7) members. The members shall be appointed for terms of four (4) years,
except that all vacancies shall be filled for the unexpired term, provided
that the first two (2) appointments the governor makes after the effective
date of this act shall serve a term of two (2) years and the other five (5)
members shall serve a term of four (4) years. Thereafter, a member shall serve
a term of four (4) years. A certificate of appointment shall be filed in the
office of the secretary of state. A majority of the members shall constitute a
quorum for the transaction of all business or the exercise of any power or
function of the Idaho petroleum clean water trust fund. Members of the board
of trustees shall receive a compensation for service as prescribed in section
59-509(h), Idaho Code.
(2) The administrator of the fund shall be the state insurance fund
unless replaced by the board of trustees with another person. The
administrator shall serve at the pleasure of the board of trustees. The board
of trustees may appoint and employ such other persons as may be required by
the board and shall prescribe the duties and compensation of each such person.
(3) It shall be the duty of the board of trustees to direct the policies
and operation of the fund to assure that it is run as an efficient insurance
company, remains actuarially sound and maintains the public purposes for
which the Idaho petroleum clean water trust fund was created.

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