The Executive Director shall direct and supervise all technical and administrative activity of the Administration and shall appoint or shall hire with the approval of the Board of Directors the administrative and technical personnel necessary to carry out the functions of the Administration and to pay for such services the compensation that the Board may determine. The officials and employees of the Administration shall be included in the Exempt Service of the Personnel Act of the Commonwealth.
The Executive Director shall also have the following faculties and obligations:
(1) To establish an office for the Administration and to provide everything necessary for the installation of a complete and adequate system of accounting, registries and adjustment of claims.
(2) To adopt the procedures necessary to compile and keep the statistical data that may be necessary to make periodical analysis of the operation costs of the Administration and actuarial studies of its operations.
(3) To attend all meetings of the Board and to execute all the resolutions recommended by it.
(4) To certify all the necessary payments which have to be made according to the provisions of this chapter.
(5) To remit or deposit in the name of the Administration and to render accounts, according to law and with the regulations in force, of all the monies received belonging to the Administration.
(6) To prepare regulations for the approval of the Board.
(7) To make recommendations to the Board for the investment of the resources of the Administration.
(8) To prepare the annual report and to submit it to the Board for its revision and approval.
(9) Submit to the Board any report that it may request.
(10) Personally, or through the persons whom he may delegate, to administer oaths, require the appearance of persons and the production of any documents or evidence pertinent to any procedure or investigation authorized by this chapter.
History —June 26, 1968, No. 138, p. 335, § 12, renumbered as § 14 and amended on Oct. 30, 1975, No. 12, p. 782, § 12, eff. July 1, 1976.