Article 3. Chief Executive Officer of California Public Utilities Code >> Division 1.5. >> Chapter 3. >> Article 3.
The chief executive officer shall manage and conduct the
business and affairs of the authority and the fund subject to the
direction of the board. Except as otherwise provided in this section,
the board may assign to the executive director, by resolution, those
duties generally necessary or convenient to carry out its powers and
purposes under this division. Any action involving final approval of
any bonds, notes, loans, or other financial assistance shall require
the approval of a majority of the members of the board.