I 
112TH CONGRESS 
1ST SESSION H. R. 3706 
To create the Office of Chief Financial Officer of the Government of the 
Virgin Islands, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 16, 2011 
Mrs. CHRISTENSEN introduced the following bill; which was referred to the 
Committee on Natural Resources 
A BILL 
To create the Office of Chief Financial Officer of the 
Government of the Virgin Islands, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. CHIEF FINANCIAL OFFICER OF THE VIRGIN IS-
LANDS. 
(a) APPOINTMENT OF CHIEF FINANCIAL OFFICER.— 
(1) IN GENERAL.—The Governor of the Virgin 
Islands shall appoint a Chief Financial Officer, with 
the advice and consent of the Legislature of the Vir-
gin Islands, from the names on the list required 
under section 2(d). If the Governor has nominated 
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a person for Chief Financial Officer but the Legisla-
ture of the Virgin Islands has not confirmed a nomi-
nee within 90 days after receiving the list pursuant 
to section 2(d), the Governor shall appoint from 
such list a Chief Financial Officer on an acting basis 
until the Legislature consents to a Chief Financial 
Officer. 
(2) ACTING CHIEF FINANCIAL OFFICER.—If a 
Chief Financial Officer has not been appointed 
under paragraph (1) within 180 days after the date 
of the enactment of this Act, the Virgin Islands 
Chief Financial Officer Search Commission, by ma-
jority vote, shall appoint from the names on the list 
submitted under section 2(d), an Acting Chief Fi-
nancial Officer to serve in that capacity until a Chief 
Financial Officer is appointed under the first sen-
tence of paragraph (1). In either case, if the Acting 
Chief Financial Officer serves in an acting capacity 
for 180 consecutive days, without further action the 
Acting Chief Financial Officer shall become the 
Chief Financial Officer. 
(b) DUTIES OF CHIEF FINANCIAL OFFICER.—The 
duties of the Chief Financial Officer shall include the fol-
lowing: 
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(1) Develop and report on the financial status 
of the Government of the Virgin Islands not later 
than 6 months after appointment and quarterly 
thereafter. Such reports shall be available to the 
public. 
(2) Each year certify spending limits of the an-
nual budget and whether or not the annual budget 
is balanced. 
(3) Revise and update standards for financial 
management, including inventory and contracting, 
for the Government of the Virgin Islands in general 
and for each agency in conjunction with the agency 
head. 
(c) DOCUMENTS PROVIDED.—The heads of each de-
partment of the Government of the Virgin Islands, in par-
ticular the head of the Department of Finance of the Vir-
gin Islands and the head of the Internal Revenue Bureau 
of the Virgin Islands shall provide all documents and in-
formation under the jurisdiction of that head that the 
Chief Financial Officer considers required to carry out his 
or her functions to the Chief Financial Officer. 
(d) CONDITIONS RELATED TO CHIEF FINANCIAL OF-
FICER.— 
(1) TERM.—The Chief Financial Officer shall 
be appointed for a term of 5 years. 
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(2) REMOVAL.—The Chief Financial Officer 
shall not be removed except for cause. An Acting 
Chief Financial Officer may be removed for cause or 
by a Chief Financial Officer appointed with the ad-
vice and consent of the Legislature of the Virgin Is-
lands. 
(3) REPLACEMENT.—If the Chief Financial Of-
ficer is unable to continue acting in that capacity 
due to removal, illness, death, or otherwise, another 
Chief Financial Officer shall be selected in accord-
ance with subsection (a). 
(4) SALARY.—The Chief Financial Officer shall 
be paid at a salary to be determined by the Governor 
of the Virgin Islands, except such rate may not be 
less than the highest rate of pay for a cabinet officer 
of the Government of the Virgin Islands or a Chief 
Financial Officer serving in any government or semi-
autonomous agency. 
(e) REFERENDUM.—As part of the closest regularly 
scheduled, islands-wide election in the Virgin Islands to 
the expiration of the fourth year of the five-year term of 
the Chief Financial Officer, the Board of Elections of the 
Virgin Islands shall hold a referendum to seek the ap-
proval of the people of the Virgin Islands regarding wheth-
er the position of Chief Financial Officer of the Govern-
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ment of the Virgin Islands shall be made a permanent part 
of the executive branch of the Government of the Virgin 
Islands. The referendum shall be binding and conducted 
according to the laws of the Virgin Islands, except that 
the results shall be determined by a majority of the ballots 
cast. 
SEC. 2. ESTABLISHMENT OF COMMISSION. 
(a) ESTABLISHMENT.—There is established a com-
mission to be known as the ‘‘Virgin Islands Chief Finan-
cial Officer Search Commission’’. 
(b) DUTY OF COMMISSION.—The Commission shall 
recommend to the Governor not less than 3 candidates for 
nomination as Chief Financial Officer of the Virgin Is-
lands. Each candidate must have demonstrated ability in 
general management of, knowledge of, and extensive prac-
tical experience at the highest levels of financial manage-
ment in governmental or business entities and must have 
experience in the development, implementation, and oper-
ation of financial management systems. 
(c) MEMBERSHIP.— 
(1) NUMBER AND APPOINTMENT.—The Com-
mission shall be composed of 8 members appointed 
not later than 30 days after the date of the enact-
ment of this Act. Persons appointed as members 
must have recognized business, government, or fi-
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nancial expertise and experience and shall be ap-
pointed as follows: 
(A) 1 individual appointed by the Governor 
of the Virgin Islands. 
(B) 1 individual appointed by the Presi-
dent of the Legislature of the Virgin Islands. 
(C) 1 individual, who is an employee of the 
Government of the Virgin Islands, appointed by 
the Central Labor Council of the Virgin Is-
lands. 
(D) 1 individual appointed by the Chamber 
of Commerce of St. Thomas-St. John. 
(E) 1 individual appointed by the Chamber 
of Commerce of St. Croix. 
(F) 1 individual appointed by the Presi-
dent of the University of the Virgin Islands. 
(G) 1 individual, who is a resident of St. 
John, appointed by the At-Large Member of the 
Legislature of the Virgin Islands. 
(H) 1 individual appointed by the Presi-
dent of AARP Virgin islands. 
(2) TERMS.— 
(A) IN GENERAL.—Each member shall be 
appointed for the life of the Commission. 
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