§5-1D-3. Creation of the office of fiscal risk analysis and
management; appointment and qualifications of chief
(a) There is hereby created the office of fiscal risk analysis
and management within the office of the governor. The office shall
be administered by the chief risk officer who shall be appointed by
the governor with the advice and consent of the Senate and shall
serve at the will and pleasure of the governor. The chief risk
officer shall have knowledge in the area of self-insured risk
pools, advanced training in the area of fiscal risk management and
an understanding of the special demands upon government with
respect to budgetary constraints, the protection of public funds,
and federal and state standards of accountability.
(b) The chief risk officer may employ the personnel necessary
to carry out the work of the office and may approve reimbursement
of costs incurred by employees to obtain education and training.