Allow the Governor to remove the state investment officer from office and eliminate the need for cause for removal of the state investment officer

LB 885 would change Nebraska law to allow the Governor to remove the state investment officer without needing to provide a specific reason (eliminating the current "for cause" requirement). Currently, the officer can only be removed by the council or Governor for a stated reason, but this bill replaces that with a provision giving the Governor sole authority to remove the officer at any time. The bill repeals the existing law that required removal for cause and directly affects the state investment officer, who would now be subject to removal solely at the Governor's discretion. This change modifies the removal process without altering the officer's appointment or salary terms.