(b) The Treasurer shall address the Legislative Policy Committee of the General Assembly on a semiannual basis and as necessary on issues of legislative importance, including the activities of the Board of Public Works, bond sales, and investment and procurement initiatives.

(c) The Treasurer’s annual salary shall be:

(1) $165,000 for the first year of appointment beginning January, 2023;

(2) $170,000 starting on the first anniversary after appointment;

(3) $173,000 starting on the second anniversary after appointment; and

(4) $175,000 starting on the third anniversary after appointment and thereafter.