2005 Idaho Code - 67-2701 — DEPARTMENT OF FINANCE -- CREATION -- DIRECTOR -- ORGANIZATION -- POWERS AND DUTIES

                                  TITLE  67
                      STATE GOVERNMENT AND STATE AFFAIRS
                                  CHAPTER 27
                            DEPARTMENT OF FINANCE
    67-2701.  DEPARTMENT OF FINANCE -- CREATION -- DIRECTOR -- ORGANIZATION --
POWERS AND DUTIES. (a) There is hereby created the department of finance. The
department shall, for the purposes of section 20, article IV, of the
constitution of the state of Idaho, be an executive department of state
government. The governor shall appoint, with the advice and consent of the
senate, a director of the department of finance who shall serve at the
pleasure of the governor. The director shall have had at least five (5) years
practical experience in the banking business, or shall have served for a like
period in the banking division of this or some other state. Neither the
director of the department nor any administrator of a division in the
department shall be the owner of or financially interested either directly or
indirectly in any banking or insurance corporation subject to the supervision
of the department.
    (b)  The department of finance shall be composed of such divisions as are
established by law and such other units as may be administratively
established. The director of the department shall appoint, subject to the
approval of the governor, an administrator for such divisions as may be
established. The director shall, subject to the approval of the governor, fix
the salary of each administrator.
    (c)  The director of the department of finance shall have power:
    1.  To exercise the rights, powers and duties vested by law in the
    department or in the director.
    2.  To execute the laws relating to banks and banking.