# Fla. Stat. § 420.506: 420.506 Executive director; agents and employees; inspector general

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.506

## Section

- **Citation:** Fla. Stat. § 420.506
- **Heading:** 420.506 Executive director; agents and employees; inspector general
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title XXX / Chapter 420 / Part V / Section 420.506

## Text

(1) The appointment and removal of an executive director shall be by the Secretary of Commerce, with the advice and consent of the corporation’s board of directors. The executive director shall employ legal and technical experts and such other agents and employees, permanent and temporary, as the corporation may require, and shall communicate with and provide information to the Legislature with respect to the corporation’s activities. Notwithstanding s. 216.262, the board may develop and implement rules regarding the employment of employees of the corporation and service providers, including legal counsel. The board is entitled to establish travel procedures and guidelines for employees of the corporation, subject to s. 112.061(6) and (7). The executive director’s office and the corporation’s files and records must be located in Leon County.

(2)(a) The appointment and removal of an inspector general shall be by the executive director, with the advice and consent of the corporation’s board of directors. The corporation’s inspector general shall perform for the corporation the functions set forth in s. 20.055. The inspector general shall administratively report to the executive director. The inspector general shall meet the minimum qualifications as set forth in s. 20.055(4). The corporation may establish additional qualifications deemed necessary by the board of directors to meet the unique needs of the corporation. The inspector general shall be responsible for coordinating the responsibilities set forth in s. 420.0006. (b) Effective July 1, 2017, if the corporation enters into an employment agreement, or renewal or renegotiation of an existing contract or employment agreement with an inspector general or deputy inspector, the corporation may not offer a bonus on work performance in the contract or agreement and the awarding of such bonuses is prohibited.

History: s. 1, ch. 80-161; s. 49, ch. 81-167; s. 52, ch. 83-55; s. 9, ch. 97-167; s. 58, ch. 2001-62; s. 11, ch. 2007-198; s. 331, ch. 2011-142; s. 10, ch. 2011-189; s. 10, ch. 2013-83; s. 2, ch. 2017-49; s. 43, ch. 2021-25; s. 155, ch. 2024-6.

## Nearby sections

- [Fla. Stat. § 420.51 420.51 State and local government not liable on bonds or notes.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.51.md)
- [Fla. Stat. § 420.55 420.55 Housing; response to disasters.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.55.md)
- [Fla. Stat. § 420.501 420.501 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.501.md)
- [Fla. Stat. § 420.502 420.502 Legislative findings.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.502.md)
- [Fla. Stat. § 420.503 420.503 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.503.md)
- [Fla. Stat. § 420.504 420.504 Public corporation; creation, membership, terms, expenses.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.504.md)
- [Fla. Stat. § 420.505 420.505 Meetings; quorum; voting.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.505.md)
- [Fla. Stat. § 420.506 420.506 Executive director; agents and employees; inspector general.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.506.md)
- [Fla. Stat. § 420.507 420.507 Powers of the corporation.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.507.md)
- [Fla. Stat. § 420.508 420.508 Special powers; multifamily and single-family projects.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.508.md)
- [Fla. Stat. § 420.509 420.509 Revenue bonds.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.509.md)
- [Fla. Stat. § 420.511 420.511 Strategic business plan; long-range program plan; annual report; audited financial statements.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.511.md)
- [Fla. Stat. § 420.512 420.512 Conflicts of interest.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.512.md)
- [Fla. Stat. § 420.513 420.513 Exemption from taxes and eligibility as investment.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.513.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXX_C420_PV_S420.506. Check the current official text before relying on it. Not legal advice.