CA SB912

Amends Section 50909 of the Health and Safety Code to include the director of enterprise risk management and compliance and the risk manager among key exempt management positions whose compensation is established by the board in the annual budget.

Board compensation for these positions must be set in amounts reasonably necessary to attract and retain persons of superior qualifications, not to exceed the highest comparable salary determined by independent salary surveys.

Requires the board to conduct salary surveys comparing positions to other state and local housing finance agencies most comparable to CalHFA and relevant labor pools.

Designates the Department of Human Resources to review the methodology used in salary surveys.

Board members receive a per diem allowance of $100 per meeting day (maximum $300 per month) and reimbursement for expenses, but no salary.