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109.00.1-V. COMPOSITION OF PROFESSIONAL SELECTION COMMITTEES.

AR ADC 109.00.1-VArkansas Administrative Code

West's Arkansas Administrative Code
Title 109. Development Finance Authority
Division 00.
Rule 1. Adfa Professional Selection Policy
Ark. Admin. Code 109.00.1-V
109.00.1-V. COMPOSITION OF PROFESSIONAL SELECTION COMMITTEES.
Currentness
A. STAFF PROFESSIONAL SELECTION COMMITTEE.
The initial level of review of proposals is performed by the Staff Professional Selection Committee. The committee is comprised of the following officers:
1. Vice President for Finance and Administration or designee;
2. Vice President for Housing or designee;
3. Vice President for Development Finance or designee;
4. Vice President and General Counsel;
5. Vice President for Internal Audit; and
6. President.
The President may from time to time appoint additional staff members and others to sit on the committee. The Vice President for Internal Audit shall serve as chair of the committee. In the absence or other incapacity of the Vice President for Internal Audit, the President shall appoint an Interim Chair of the committee. The Chair shall act as a liaison between the Staff Professional Selection Committee and the Board Professional Selection Committee. The Chair shall also notify the Board Professional Selection Committee of any upcoming RFP's and forward to the Board Professional Selection Committee the Staff Professional Selection Committee's recommendation.
B. BOARD PROFESSIONAL SELECTION COMMITTEE.
The Board Professional Selection Committee shall consist of three (3) members. The Chair of the Board shall appoint the Vice Chair of the Board and two (2) additional Board members to the committee. The Chair of the Board shall annually select one of the three as Chair of the committee. The annual appointment shall take place during the first meeting of the Board for the calendar year. The Chair of the Board shall fill vacancies as appropriate.
The Board Professional Selection Committee is charged with the responsibility and authority for overseeing the various aspects in which professionals are engaged to provide services to the Authority and otherwise interact with the Authority in the regular course of business. Except in such cases where the Board delegates to the Board Professional Selection Committee the authority to make the final decision as provided herein, it is the responsibility of the Board Professional Selection Committee to report to the Board the results of its selection process, including the Board Professional Selection Committee's recommendation for selection. As part of its ongoing responsibilities, the Board Professional Selection Committee shall consider and take action on appropriate matters including, but not limited to:
1. Consider and recommend amendments to this Professional Selection Policy from time to time, as well as consider and recommend additional or supplemental policies or procedures that may be appropriate for the Board to act upon concerning the engagement of or relationship with professionals;
2. Consider and make recommendations to the Board concerning temporary waivers of or deviations from the policies and procedures adopted herein;
3. Pre-approve the form of RFP's used in the solicitation and selection of professionals;
4. Review the recommendations and other actions from the Staff Professional Selection Committee and take action as deemed appropriate;
5. Conduct interviews of professionals and take other actions deemed appropriate in assisting the committee in making its decisions; and
6. Take other actions consistent with the policies and procedures expressed herein.
In the case of all (a) refundings (not involving new program money) in an amount not exceeding $10,000,000 and (b) any other case where the Board, by appropriate action, has so authorized, the decision of the Board Professional Selection Committee shall be considered the final decision of the Board of Directors. Any such action taken by the Board Professional Selection Committee will be reported to the next regular meeting of the Board of Directors of ADFA. In the case of all other decisions regarding selection and proposal approvals by the Board Professional Selection Committee, the decision by the Board Professional Selection Committee shall be referred to the full Board of Directors at any regular or special meeting of the Board of Directors for final action by a vote of the Board of Directors.
Adopted by the Board of Directors of the Arkansas Development Finance Authority this __________ day of __________, 2005.
By: __________
Its: __________
ATTEST:
__________
Mac Dodson, President/Secretary
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 109.00.1-V, AR ADC 109.00.1-V
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