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HomeMy WebLinkAbout10. Designate Dept of Finance ContactOVERSIGHT BOARD MEMORANDUM DATE: April 26, 2012 TO: MEMBERS OF THE OVERSIGHT BOARD FROM: GILBERT A. LIVAS ON BEHALF OF THE SUCCESSOR AGENC ITEM: Designation of Contact Person for the Department of Finance Inquires. SUMMARY Health and Safety Code Section 34179 provides that the Department of Finance (DOF) may review Oversight Board actions and that all Board actions are not effective for three business day, pending review by the DOF. If the DOF exercises its right to review an action, it then has ten calendar days to approve the action or return it to the Oversight Board for reconsideration. The Oversight Board's modified action does not become effective until approved by the DOF. The Oversight Board is required to designate an official for the purpose of communicating with the DOF regarding Oversight Board actions. Once the Oversight Board designates an official, staff will transmit the contact information to the DOF. RECOMMENDATION That the Oversight Board designate Brian Saeki to serve as the contact person to the Department of Finance. 1 0