§ 28-11-2-3 — Employees; salaries and benefits; contractors to assist with examinations; contracts not subject to approval

Indiana § 28-11-2-3

• Jurisdiction: Indiana
• Art. 11: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 2: Organization of Department

Text

(a) The director, on behalf of the department,
shall employ qualified individuals as assistants, deputies, supervisors,
and other necessary employees. Individuals employed by the director
are not subject to job classifications or compensation schedules
established under IC 4-15. The technical or professional qualification
of an applicant shall be determined by examination, by professional
rating, or as the director determines. Salaries and benefits for
employees of the department shall be:
(1) established by the members, upon recommendation of the
director; and
(2) paid from the financial institutions fund established by section
9 of this chapter.
In making a recommendation under subdivision (1), the director may
recommend salaries and benefits substantially equivalent to those paid
by the Federal Deposit Insurance Corporation or other federal agencies
that supervise financial institutions.
(b) The director may enter into contracts, including contracts for the
services of a qualified independent contractor to assist the department
in the examination process under this article. Notwithstanding IC 4-13-2-14.1, contracts executed under this section are not subject to the
approval of:
(1) the director of the budget agency; or
(2) the commissioner of the Indiana department of administration.

Legislative History

As added by P.L.33-1991, SEC.56. Amended by P.L.141-2005, SEC.20; P.L.213-2007, SEC.96; P.L.217-2007, SEC.94.