BILL NUMBER: AB 1222	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Gatto

                        FEBRUARY 18, 2011

   An act to amend Section 50909 of the Health and Safety Code,
relating to housing.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1222, as introduced, Gatto. California Housing Finance Agency:
executive compensation.
   Existing law establishes the California Housing Finance Authority,
administered by a board of directors, whose primary purpose is to
meet the housing needs of persons and families of low- or
moderate-income. Existing law requires that the board establish the
compensation of the executive director of the agency and other key
exempt management, not to exceed a specified amount, and that the
agency conduct salary surveys to determine the compensation.
   This bill would instead require the board to conduct the surveys.

   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 50909 of the Health and Safety Code is amended
to read:
   50909.  (a) Notwithstanding Sections 19816 and 19825 of the
Government Code, the compensation of key exempt management, including
the executive director, the chief deputy director, the general
counsel, the director of financing, the director of homeownership
programs, the director of multifamily programs, the director of
insurance and the financial risk management director shall be
established by the board in the agency's annual budget, in amounts
which are reasonably necessary, in the discretion of the board, to
attract and hold a person of superior qualifications.
   (b) (1)  To determine the compensation for the positions described
in this section, the  agency   board 
shall cause to be conducted, through the use of independent outside
advisors, salary surveys of both of the following:
   (A) Other state and local housing finance agencies that are most
comparable to CalHFA.
   (B) Other relevant labor pools.
   (2) The salaries so set by the board shall not exceed the highest
comparable salary for a position of that type, as determined by the
survey.
   (c) The Department of Personnel Administration shall review the
methodology used in these salary surveys.
   (d) Members of the board shall not receive a salary but shall be
entitled to a per diem allowance of one hundred dollars ($100) for
each day's attendance at a meeting of the board or a meeting of a
committee of the board, not to exceed three hundred dollars ($300) in
any month, and reimbursement for expenses incurred in the
performance of their duties under this part, including travel and
other necessary expenses.