§ 11-34-105 — Chief executive officer; powers and duties

(a) The director of the office of state lands and
investments is the chief executive officer under the direction
of the board and has general supervision of the business and
employees of the board.
(b) The director of the office of state lands and
investments shall:
(i) Keep all books of account of the board;
(ii) Receive, collect and promptly pay over to the
state treasurer all monies that come into his possession;
(iii) Keep in his care and custody copies of all
promissory notes, mortgages and other securities or evidences of
indebtedness and muniments of title acquired or received by the
board for monies loaned on real estate;
(iv) Transmit to the state treasurer the original
notes and mortgages at the time of the disbursements of monies
by the state treasurer. The security shall be kept by the state
treasurer as a record and evidence of monies disbursed by the
treasurer by virtue of this act;
(v) Render monthly statements to the board of the
transactions of his office;
(vi) Keep the seal of the board and affix the seal
with his attestation to all instruments or papers whenever
required;
(vii) Keep a record of the proceedings of the board
and such books and records as are necessary for the conduct of
the business of his office including a written record of all
votes taken to decide the board's final action on any matter;
(viii) Submit regular reports to the board setting
forth in detail the status of all farm and water development
project loans which are delinquent as to the payment of any
installment of principal or interest due; and
(ix) Do and perform such other acts as required by
the board.