1.  The Chief of the Housing Division of the Department shall appoint, with the consent of the Director, a Chief Financial Officer for the Housing Division.

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2.  The Chief Financial Officer for the Housing Division must:

(a) Have:

(1) A license to practice as a certified public accountant issued by this state or another state of the United States; or

(2) At least 5 years of responsible experience in investment banking, general accounting, public finance or a related field; and

(b) Have a comprehensive knowledge of the principles and practices of public finance.

3.  The Chief Financial Officer for the Housing Division is:

(a) In the unclassified service of the State.

(b) Directly responsible to the Chief of the Housing Division.