Contents
(a)at the beginning of section 53(2 (which provides as to the effect of presentment of a bill of exchange) there shall be inserted the words “ Subject to section 75A of this Act, ”; and
(1)The Board may appoint a President of the Foundation to serve full-time or part-time and for such a term as the Board shall determine.
(2)The President shall carry out such of the functions and duties of the Foundation as the Board may determine, subject to the supervision and direction of the Board.
(3)The President shall be compensated at a rate to be determined by the Board without regard to subchapter III of chapter 53 of title 5, not to exceed the rate for level III of the Executive Schedule under section 5314 of that title.
(4)Sections 5532,1 8344, and 8468 of title 5 shall not apply to a person while such person is serving as President of the Foundation.
United States Government work; public domain under 17 U.S.C. § 105.