§ 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;
(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.