20 U.S.C. § 5708 : US Code - Section 5708: Administrative provisions

Search 20 U.S.C. § 5708 : US Code - Section 5708: Administrative provisions

(a) 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 shall employees (other than the Executive
Secretary) be compensated at a rate in excess of the rate of
basic pay payable for GS-15 of the General Schedule;
(2) procure temporary and intermittent services of such experts
and consultants as are necessary to the extent authorized by
section 3109 of title 5, but at rates not in excess of the rate
of basic pay payable for Executive Level V;
(3) prescribe such regulations as the Foundation may determine
to be 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
uncompensated 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;
(9) conduct programs in addition to or in conjunction with the
Fellowship program which shall further the Foundation's purpose
of encouraging new discoveries in all fields of endeavor for the
benefit of mankind; and
(10) to make other necessary expenditures.
(b) Annual Report. - The Foundation shall submit to the President
and to the Congress an annual report of its operations under this
chapter.