20 U.S.C. § 2012 : US Code - Section 2012: Administrative provisions

Search 20 U.S.C. § 2012 : US Code - Section 2012: Administrative provisions

(a) Powers of Foundation
In order to carry out the provisions of this chapter, the
Foundation is authorized to -
(1) appoint and fix the compensation of such personnel as may
be necessary to carry out the provisions of this chapter, except
that in no case shall employees other than the Executive
Secretary be compensated at a rate to exceed the rate provided
for employees in grade 15 of the General Schedule set forth in
section 5332 of title 5;
(2) procure temporary and intermittent services of experts and
consultants as are necessary to the extent authorized by section
3109 of title 5, but at rates not to exceed the rate specified at
the time of such service for grade GS-18 in section 5332 of such
title;
(3) prescribe such regulations as it deems necessary governing
the manner in which its functions shall be carried out;
(4) receive money and other property donated, bequeathed, or
devised, without condition or restriction other than it be used
for the purposes of the Foundation; and to use, sell, or
otherwise dispose of such property for the purpose of carrying
out its functions;
(5) accept and utilize the services of voluntary and
noncompensated personnel and reimburse them for travel expenses,
including per diem, as authorized by section 5703 of title 5;
(6) enter into contracts, grants, or other arrangements, or
modifications thereof, to carry out the provisions of this
chapter, and such contracts or modifications thereof may, with
the concurrence of two-thirds of the members of the Board, be
entered into without performance or other bonds, and without
regard to section 5 of title 41;
(7) make advances, progress, and other payments which the Board
deems necessary under this chapter without regard to the
provisions of section 3324(a) and (b) of title 31;
(8) rent office space in the District of Columbia; and
(9) make other necessary expenditures.
(b) Annual report to Congress
The Foundation shall submit to the President and to the Congress
an annual report of its operations under this chapter.