§ 22-2-105 - Director. - Arkansas Statutes

22-2-105. Director.

(a) The Arkansas Building Authority shall be administered by a director, who shall be appointed by and serve at the pleasure of the Governor and shall be confirmed by the Senate.

(b) The director shall have experience in property development and management.

(c) The director may hire sufficient staff as authorized by legislation to perform the duties of the authority. Personnel employed by the director shall be compensated according to the Uniform Classification and Compensation Act, 21-5-201 et seq., for similar duties and responsibilities.

(d) The director shall be responsible for administering the rules, regulations, and policies of the Arkansas Building Authority Council pursuant to the provisions of this chapter.

(e) The director shall be the disbursing agent for the authority and shall pay any and all accounts upon prior approval of the council. The disbursing agent shall furnish and keep in effect a bond to the state with a corporate surety thereon which, together with any other bonds furnished by him or her, shall total in final sum not less than fifty thousand dollars ($50,000) and is conditioned that he or she will faithfully perform his or her duties and properly handle all funds received and disbursed by him or her and account for those funds; the bond so furnished shall be filed in the office of the Auditor of State. The premium on the bond shall be a proper charge against funds of the authority.