US Laws, Codes, Statutes & Cases

     116T.03 Corporate personnel. 

    Subdivision 1.    Generally.  The board shall appoint 
 and set the compensation for the executive director who serves 
 as chief executive officer of the corporation.  The compensation 
 of the executive director may not exceed 85 percent of the 
 governor's salary.  The board may designate the executive 
 director as its general agent.  Subject to the approval of the 
 board, the executive director shall employ staff consultants and 
 other agents necessary to carry out the mission of the 
 corporation. 

    Subd. 2.    Status of employees.  Employees, officers, 
 and directors of the corporation are not state employees, but 
 are covered by section 3.736 and, at the option of the board, 
 employees may participate in the state retirement plan for 
 employees in the unclassified service, the state deferred 
 compensation plan, and an insurance plan administered by the 
 commissioner of employee relations. 

    HIST: 1Sp2001 c 10 art 2 s 55 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.