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the Virgin Islands to serve as Deputy Chief Finan-
cial Officer. 
(3) SALARY.—The Deputy Chief Financial Offi-
cer shall be paid at a salary to be determined by the 
Chief Financial Officer, except such rate may not be 
less than the rate of pay of the Director of the Of-
fice of Management and Budget. 
(g) RESUMPTION OF FUNCTIONS.—On the date that 
is 5 years after the date of the enactment of this Act, 
the functions of the Chief Financial Officer shall be trans-
ferred to the Director of the Office of Management and 
Budget of the Virgin Islands. 
(h) SUNSET.—This section shall cease to have effect 
after the date that is 5 years after the date of the enact-
ment of this Act. 
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-
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ment in governmental or business entities and must have 
experience in the development, implementation, and oper-
ation of financial management systems. Candidates shall 
not have served in a policy making or unclassified position 
of the Government of the Virgin Islands in the 10 years 
immediately preceding appointment as Chief Financial Of-
ficer. 
(c) MEMBERSHIP.—
(1) NUMBER AND APPOINTMENT.—The Com-
mission shall be composed of 9 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-
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.
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(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 appointed by the Chief 
Judge of the Virgin Islands Territorial Court. 
(H) 1 individual, who is a resident of St. 
John, appointed by the At-Large Member of the 
Legislature of the Virgin Islands.
(I) 1 individual appointed by the Advocates 
for the Preservation of the Retirement System. 
(2) TERMS.—
(A) IN GENERAL.—Each member shall be 
appointed for the life of the Commission. 
(B) VACANCIES.—A vacancy in the Com-
mission shall be filled in the manner in which 
the original appointment was made. Any mem-
ber appointed to fill a vacancy shall be ap-
pointed for the remainder of that term. 
(3) BASIC PAY.—Members shall serve without 
pay. 
(4) QUORUM.—Five members of the Commis-
sion shall constitute a quorum. 
(5) CHAIRPERSON.—The Chairperson of the 
Commission shall be the Chief Judge of the Terri-
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torial Court or her designee and shall serve as an ex 
officio member of the Commission and shall vote 
only in the case of a tie. 
(6) MEETINGS.—The Commission shall meet at 
the call of the Chairperson. The Commission shall 
meet for the first time not later than 15 days after 
all members have been appointed under this sub-
section. 
(7) 
GOVERNMENT
EMPLOYMENT.—Members 
may not be current government employees, except 
for the member appointed under paragraph (1)(C); 
and 
(d) REPORT; RECOMMENDATIONS.—The Commission 
shall transmit a report to the Governor and the Resources 
Committee of the House of Representatives and the Com-
mittee on Energy and Natural Resources of the Senate 
not later than 60 days after its first meeting. The report 
shall name the Commission’s recommendations for can-
didates for nomination as Chief Financial Officer of the 
Virgin Islands. 
(e) TERMINATION.—The Commission shall terminate 
210 days after its first meeting. 
SEC. 3. FINANCIAL MANAGEMENT SYSTEM. 
It is hereby authorized to be appropriated such sums 
as necessary for the installation of a Financial Manage-
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ment System, including appropriate computer hardware 
and software, to the Government of the Virgin Islands. 
Upon becoming available, the financial management sys-
tem shall be available to the Chief Financial Officer and, 
after the date that is 5 years after the date of the enact-
ment of this Act, the Director of the Office of Manage-
ment and Budget of the Virgin Islands, to assist the Chief 
Financial Officer or the Director of the Office of Manage-
ment and Budget of the Virgin Islands, as the case may 
be, to carry out the official duties of that office. 
SEC. 4. DEFINITIONS. 
For the purposes of this Act, the following definitions 
apply: 
(1) CHIEF FINANCIAL OFFICER.—In sections 1 
and 2, the term ‘‘Chief Financial Officer’’ means a 
Chief Financial Officer or Acting Chief Financial 
Officer, as the case may be, appointed under section 
1(a). 
(2) COMMISSION.—The term ‘‘Commission’’ 
means the Virgin Islands Chief Financial Officer 
Search Commission established pursuant to section 
2. 
(3) GOVERNOR.—The term ‘‘Governor’’ means 
the Governor of the Virgin Islands.