petition. (1) The office shall be managed by a director. (2) If there is a vacancy in the director position, the board shall appoint an individual as director. (3) The board shall ensure that an individual appointed as director possesses: (a) outstanding professional qualifications pertinent to the prudent investment of trust fund money; and (b) expertise in institutional investment management. (4) The director is an at-will employee who may be removed by the board at any time with or without cause. (5) (a) The advocacy office director may submit a written petition to the board requesting the board to remove the director for cause, explained in the petition. (b) The board shall hold a hearing on a petition under Subsection (5)(a) within 45 days after receiving the petition. (c) If, after holding a hearing, the board finds by a preponderance of the evidence that there is cause for removing the director, the board shall remove the director.
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