20 U.S.C. § 4710 : US Code - Section 4710: Administrative provisions

Search 20 U.S.C. § 4710 : US Code - Section 4710: Administrative provisions

(a) In general
In order to carry out this chapter, the Foundation may -
(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 may an employee other than the Executive
Secretary be compensated at a rate to exceed the maximum rate
provided for employees in grade GS-15 of the General Schedule
under 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 under section 5332 of
such title;
(3) prescribe such regulations as it considers 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 use the services of voluntary and noncompensated
personnel and for travel expenses, including per diem, as
authorized by section 5703 of title 5;
(6) enter into contracts or other arrangements, or make grants,
to carry out the provisions of this chapter, and enter into such
contracts or other arrangements, or make such grants, with the
concurrence of two-thirds of the members of the Board, without
performance or other bonds and without regard to section 5 of
title 41;
(7) rent office space in the Washington, District of Columbia,
metropolitan area; and
(8) make other necessary expenditures.
(b) Annual report
The Foundation shall submit to the President and to Congress an
annual report of its operations under this chapter.