Unannotated Code of Maryland (Last Updated: May 16, 2014) |
ECONOMIC DEVELOPMENT |
DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
SUBTITLE 5. MARYLAND SMALL BUSINESS DEVELOPMENT FINANCING AUTHORITY |
PART II. MARYLAND SMALL BUSINESS DEVELOPMENT FINANCING AUTHORITY |
§ 5-509. Executive Director
Latest version.
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(a) Position and appointment. --
(1) The Executive Director is the chief administrative officer of the Authority.
(2) With the approval of the Secretary, the Authority may:
(i) appoint the Executive Director; or
(ii) contract with a private entity to perform the duties of the Executive Director.
(b) Tenure; removal. -- The Executive Director serves at the pleasure of the Authority, with the concurrence of the Secretary.
(c) Duties. -- In addition to any other duties set forth in this subtitle, the Executive Director shall:
(1) supervise the administrative affairs and technical activities of the Authority in accordance with its regulations and policies;
(2) attend all meetings of the Authority;
(3) keep minutes of all proceedings of the Authority;
(4) approve all accounts for salaries, per diem payments, and allowable expenses of the Authority, its employees, and its consultants;
(5) approve all expenses incidental to the operation of the Authority; and
(6) perform any other duty that the Authority or the Secretary requires to carry out this subtitle.