3325-3328

PUBLIC UTILITIES CODE
SECTION 3325-3328




3325.  (a) The authority shall be governed by a five-member board of
directors that shall consist of the following persons:
   (1) Four individuals appointed by the Governor, subject to
confirmation by the Senate. These four members shall have
considerable experience in power generation, natural gas
transportation or storage, energy conservation, financing, or
ratepayer advocacy.
   (2) The State Treasurer.
   (b) (1) For the initial term, the appointed members shall serve
staggered terms as follows:
   (A) The member appointed first shall serve a term of four years.
   (B) The member appointed second shall serve a term of three years.
   (C) The member appointed third shall serve a term of two years.
   (D) The member appointed fourth shall serve a term of one year.
   (2) The second and any subsequent terms shall be for four years.
   (c) A quorum is necessary for any action to be taken by the board.
Three of the members shall constitute a quorum, and the affirmative
vote of three board members shall be necessary for any action to be
taken by the board.
   (d) (1) The chairperson of the board shall be appointed by the
Governor. This position shall be a full-time, paid position.
   (2) Except as provided in this subdivision, the members of the
board shall serve without compensation, but shall be reimbursed for
actual and necessary expenses incurred in the performance of their
duties to the extent that reimbursement for these expenses is not
otherwise provided or payable by another public agency, and shall
receive one hundred dollars ($100) for each full day of attending
meetings of the authority.



3326.  (a) The members of the board shall be subject to the
Political Reform Act of 1974 (Title 9 (commencing with Section
81000)) of the Government Code, and all other applicable provisions
of law.
   (b) The board may purchase insurance for its fiduciaries or for
itself to cover liability or losses occurring by reason of the act or
omission of a fiduciary, if the insurance permits recourse by the
insurer against the fiduciary in the case of a breach of a fiduciary
obligation by the fiduciary.



3327.  Meetings of the board shall be open to the public and shall
be conducted in accordance with the Bagley-Keene Open Meeting Act
(Article 9 (commencing with Section 11120) of Chapter 1 of Part 1 of
Division 3 of Title 2 of the Government Code).



3328.  The California Public Records Act (Chapter 3.5 (commencing
with Section 6250) of Division 7 of Title 1 of the Government Code)
applies to all records of the authority.