(a) The Director of the Department of Finance and Administration may hire sufficient staff as authorized by legislation to perform the duties of the Building Authority Division of the Department of Finance and Administration. Personnel employed by the director shall be compensated according to the Uniform Classification and Compensation Act, § 21-5-201 et seq., for similar duties and responsibilities.
(b) The director shall be responsible for administering the rules, regulations, and policies adopted by the Department of Finance and Administration pursuant to the provisions of this chapter.
(c) The director shall be the disbursing agent for the division and shall pay any and all accounts. The disbursing agent shall furnish and keep in effect a bond to the state with a corporate surety thereon which, together with any other bonds furnished by him or her, shall total in final sum not less than fifty thousand dollars ($50,000) and is conditioned that he or she will faithfully perform his or her duties and properly handle all funds received and disbursed by him or her and account for those funds. The bond so furnished shall be filed in the office of the Auditor of State. The premium on the bond shall be a proper charge against funds of the division.
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