Organization of the Authority

Section 1975.420  Organization of the Authority Duties of the Members, Officers and Staff of the Authority are governed by the Authority's Act and the By-Laws. a)         Members.  The Authority is a body politic and corporate of the State governed by nine Members, appointed by the Governor by and with the advice and consent of the Senate. b)         Chairman.  The Chairman, who is a Member and who is designated from time to time by the Governor, is the chief executive officer of the Authority. c)         Officers.  The Members annually elect from their membership a Vice Chairman, a Treasurer, and a Secretary. The Members may elect one or more Assistant Treasurers and Assistant Secretaries, who need not be Members. d)         Director.  The Director, who is appointed by the Members, is the chief administrative officer of the Authority.  The Members may also appoint a Deputy Director. e)         Staff.  The Authority may from time to time employ persons as necessary for the effective transaction of Authority business.  Under the By-Laws the Director may be empowered to employ the Staff. f)         Staff Organization.  The Director may, in his or her discretion, organize the Staff into such departments, divisions, or other administrative units as are necessary for the effective transaction of Authority business, including, but not limited to, departments, divisions or other administrative units focused on accounting, finance, operations, single family and multifamily housing lending, compliance, law, communications, planning and research.