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<section article="gec" article_name="Economic Development" number="5-509" title_number="5" title_name="Economic Development and Financial Assistance Programs" subtitle_number="5" subtitle_name="Maryland Small Business Development Financing Authority">
  <level label="a">
    <level label="1">
      <text>The Executive Director is the chief administrative officer of the Authority.</text>
    </level>
    <level label="2">
      <text>With the approval of the Secretary, the Authority may:</text>
      <level label="i">
        <text>appoint the Executive Director; or</text>
      </level>
      <level label="ii">
        <text>contract with a private entity to perform the duties of the Executive Director.</text>
      </level>
    </level>
  </level>
  <level label="b">
    <text>The Executive Director serves at the pleasure of the Authority, with the concurrence of the Secretary.</text>
  </level>
  <level label="c">
    <text>In addition to any other duties set forth in this subtitle, the Executive Director shall:</text>
    <level label="1">
      <text>supervise the administrative affairs and technical activities of the Authority in accordance with its regulations and policies;</text>
    </level>
    <level label="2">
      <text>attend all meetings of the Authority;</text>
    </level>
    <level label="3">
      <text>keep minutes of all proceedings of the Authority;</text>
    </level>
    <level label="4">
      <text>approve all accounts for salaries, per diem payments, and allowable expenses of the Authority, its employees, and its consultants;</text>
    </level>
    <level label="5">
      <text>approve all expenses incidental to the operation of the Authority; and</text>
    </level>
    <level label="6">
      <text>perform any other duty that the Authority or the Secretary requires to carry out this subtitle.</text>
    </level>
  </level>
</section>
