Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-3 - RULES AND REGULATIONS GOVERNING THE ORGANIZATION, MEETINGS, AND PROCEDURES OF THE STATE BOARD OF ADMINISTRATION › Section 19-3.016 - Executive Director

Current through Reg. 50, No. 138; July 16, 2024
The Executive Director, who shall act as the Board's chief
				  administrative and investment officer, shall be selected by and serve at the
				  pleasure of the Board. The Board has hereby delegated authority to act in the
				  following areas to the Executive Director or his or her designee:
(1) To negotiate, enter into, execute, amend
				and terminate purchases, contracts, leases, lease-purchases, licenses and
				agreements relating to real, personal and mixed property, services, commodities
				and capital outlay items required for the day-to-day operations of the
				Board.
(2) To negotiate, enter
				into, execute, amend and terminate contracts, agreements, license applications,
				account opening or maintenance documents, and all related documents as
				necessary and/or appropriate to carry out the administrative, investment and
				debt functions of the Board.
(3) To
				control and disburse funds to carry out the constitutional and statutory duties
				of the Board.
(4) Make final
				decisions on all personnel matters, including discipline, involving Board
				employees.
(5) To transfer funds
				between categories of approved funds provided no category is increased or
				decreased by more than five percent of the total approved budget by all action
				taken.
(6) To transfer funds
				between object codes of a category of approved funds without
				limitation.
(7) To add, delete,
				reclassify and transfer authorized salaried positions so long as the total
				approved and budgeted positions are not exceeded.
(8) Authorize and pay travel expenses and per
				diem under Section  112.061, F.S. Authorize and pay
				membership dues under Section
				 216.345, F.S., when such
				membership is essential to the statutory duties and responsibilities of the
				Board or, with respect to constitutional duties and responsibilities of the
				Board, when such membership is essential to the constitutional duties and
				responsibilities of the Board.
(9)
				To act as custodian of the records and property of the Board.
(10) To act as agent for service of process,
				as representative to organizations in which the Board is a member or officer
				and as official liaison with agencies or other bodies of the State, other
				states, the Federal Government and the public.
(11) To immediately bring to the Board, in
				writing, and secure the Board's approval of any proposed legal action to be
				taken by or on behalf of the Board, except in defense of litigation instituted
				against the Board. However, where the emergent nature of a matter requires
				immediate action and it is not possible to present the matter to a regular or
				special meeting of the Board, then the Executive Director may take appropriate
				legal action subject to ratification at the next regular or special meeting of
				the Board.
(12)
(a) To issue declaratory statements pursuant
				to Section  120.565, F.S.;
(b) To review and execute, or to delegate the
				authority to review and execute, all final orders issued pursuant to Section
				 120.569 and
				 120.57, F.S.;
(c) To grant variances and waivers from rules
				pursuant to Section  120.542, F.S.;
(d) To initiate all rule
				development.
(e) To adopt,
				implement, modify and terminate internal procedures, policies and
				guidelines.