Bill
Bill > HR85
US HR85
US HR85To create the Office of Chief Financial Officer of the Government of the Virgin Islands, and for other purposes.
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
113th Congress
Bill Summary
Requires the Governor of the Virgin Islands to appoint a Chief Financial Officer, with the advice and consent of the Legislature of the Virgin Islands, from a list required by this Act. States that if: (1) the Legislature has not confirmed a nominee within 90 days the Governor shall appoint an Acting Chief Financial Officer until the Legislature consents to a Chief Financial Officer, (2) a Chief Financial Officer has not been appointed within 180 days the Virgin Islands Chief Financial Officer Search Commission shall appoint from such list an Acting Chief Financial Officer until a Chief Financial Officer is appointed, and (3) the Acting Chief Financial Officer serving in an acting capacity for 180 consecutive days shall become the Chief Financial Officer. Sets forth the Chief Financial Officer's duties. Directs the Board of Elections of the Virgin Islands, 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, to hold a referendum to determine whether the position of Chief Financial Officer shall be made a permanent part of the executive branch of the government of the Virgin Islands. Establishes the Virgin Islands Chief Financial Officer Search Commission to recommend at least three candidates for the Chief Financial Officer position. Terminates the Commission upon the nomination and confirmation of the Chief Financial Officer.
AI Summary
This bill establishes the Office of Chief Financial Officer (CFO) for the Government of the Virgin Islands, a position responsible for overseeing the territory's finances. The Governor will appoint the CFO from a list of candidates recommended by a newly created Virgin Islands Chief Financial Officer Search Commission, which is composed of members with expertise in business, government, and finance. The bill outlines a process for appointing an Acting CFO if the Legislature does not confirm a nominee within 90 days, or if no appointment is made within 180 days, with provisions for an Acting CFO to become the permanent CFO if they serve for 180 consecutive days. The CFO's duties include reporting on the financial status of the government, certifying budget spending limits, and updating financial management standards. The CFO will serve a five-year term and can only be removed for cause, defined as misconduct, failure to meet job requirements, or other grounds a reasonable person would find sufficient for discharge. The bill also mandates a referendum during the closest island-wide election to the end of the CFO's fourth year to determine if the position should become a permanent part of the executive branch. The Search Commission will dissolve once the CFO is nominated and confirmed.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Placed on the Union Calendar, Calendar No. 78. (on 06/17/2013)
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