California Health and Safety Code

§ 50909

HSC § 50909 Effective Jan 1, 2019Div. 31 · Part 3 · Ch. 1

Statute text

(a)Notwithstanding Sections 19816 and 19825 of the Government Code, the compensation of key exempt management, including the executive director, the chief deputy director, the general counsel, the director of financing, the director of homeownership programs, the director of multifamily programs, the director of enterprise risk management and compliance, and the risk manager, shall be established by the board in the agency’s annual budget, in amounts which are reasonably necessary, in the discretion of the board, to attract and hold a person of superior qualifications.

(b)(1) To determine the compensation for the positions described in this section, the board shall cause to be conducted, through the use of independent outside advisors, salary surveys of both of the following:

(A)Other state and local housing finance agencies that are most comparable to CalHFA.

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Legislative history

Amended by Stats. 2018, Ch. 661, Sec. 1. (SB 912) Effective January 1, 2019.