Section 1. (a) There shall be a department of the state secretary under the supervision and control of the state secretary, which shall be organized as provided in this chapter. The state secretary shall make a quarterly return on oath to the governor of all fees of office received by the state secretary and give to the state treasurer a bond, in a penal sum and with sureties approved by the governor, conditioned satisfactorily to account for all money received by the state secretary in the state secretary's official capacity. The state secretary shall receive a salary of $165,000, and an additional amount to be adjusted biennially to reflect the aggregate quarterly change in salaries and wages in the commonwealth for the most recent 8 quarters as determined by the Bureau of Economic Analysis in the United States Department of Commerce.
(b) The state secretary shall not receive earned income from any other source but may receive unearned or passive income.