Sec. 502. Position of revitalization coordinator
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There is established, under the Oversight Board, the position of the Revitalization Coordinator. The Revitalization Coordinator shall be appointed by the Governor as follows: Prior to the appointment of the Revitalization Coordinator, the Oversight Board shall submit to the Governor no less than three nominees for appointment within 60 days of the appointment of at least 4 members to the Oversight Board. In consultation with the Oversight Board, not later than 10 days after receiving the nominations under subparagraph (A), the Governor shall select one of the nominees as the Revitalization Coordinator.
Such nomination shall be effective immediately. If the Governor fails to select a Revitalization Coordinator, the Oversight Board shall, by majority vote, select a Revitalization Coordinator from the list of nominees provided under paragraph (A). In selecting nominees under paragraph (1)(A), the Oversight Board shall only nominate persons who— have substantial knowledge and expertise in the planning, predevelopment, financing and development of infrastructure projects, provided that stronger consideration shall be given to candidates who have experience with Energy Projects; does not currently provide, or in the preceding 3 calendar years provided, goods or services to the government of Puerto Rico (and, as applicable, is not the spouse, parent, child, or sibling of an individual who provides or has provided goods and services to the government of Puerto Rico in the preceding 3 calendar years); and shall not be an officer, employee of, or former officer or employee of the government of Puerto Rico in the preceding 3 calendar years.
The Revitalization Coordinator shall be compensated at an annual rate determined by the Oversight Board sufficient in the judgment of the Oversight Board to obtain the services of an individual with the skills and experience required to discharge the duties of the position, but such compensation shall not exceed the annual salary of the Executive Director's. The Executive Director of the Oversight Board may assign Oversight Board personnel to assist the Revitalization Coordinator.
The Revitalization Coordinator may be removed for any reason, in the Oversight Board's discretion. Upon the termination of the Oversight Board, the position of the Revitalization Coordinator shall be terminated once all approved Critical Projects have been completed.