There shall be an office of the comptroller which shall be an independent state agency. The comptroller shall be the administrative and executive head of said office and
shall be appointed by the governor for a term coterminous with the governor's. The person so appointed shall be selected without regard to political affiliation
and solely on the basis of integrity and demonstrated ability and an advanced degree
in accounting, auditing, financial management, business administration, or public
At the time of his appointment as comptroller, the person so appointed shall give
bond in the amount of twenty-five thousand dollars or such other amount as the advisory
board to the comptroller shall fix for the faithful performance of his duties. Notwithstanding the provisions of chapter thirty the comptroller shall receive a
salary as determined by the advisory board to the comptroller; provided, however,
that the salary of the comptroller shall not be adjusted to reflect bond premiums
nor shall such premiums be paid by or reimbursed by the office of the comptroller
or with any state monies.
The person so appointed may be removed from said office, for cause, by the governor. Such cause shall include neglect of duty, misconduct, or conviction of a crime.
In the case of a vacancy in the position of comptroller, his successor shall be appointed
in the same manner.
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