There is hereby created within the Bureau of Budget and Fiscal Management of the State Fiscal Management Board a division to be known as the “State Bond Advisory Division.” The State Fiscal Management Board shall appoint a director, who shall have knowledge in the field of state governmental operation and of the state’s fiscal and economic affairs and shall employ such other technical, professional and clerical help as he deems necessary. The director shall, before entering upon the duties of his appointment, execute a good and sufficient bond payable to the state in some surety company qualified and doing business in the State of Mississippi in the penal sum of Fifty Thousand Dollars ($50,000.00), conditioned upon the faithful performance of his duties as required by law. The premium on said bond shall be paid as the premium on the Governor’s bond.
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