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<bill bill-stage="Introduced-in-Senate" dms-id="A1" public-private="public">

	<form>

		<distribution-code display="yes">II</distribution-code>

		<congress>108th CONGRESS</congress>

		<session>2d Session</session>

		<legis-num>S. 2932</legis-num>

		<current-chamber>IN THE SENATE OF THE UNITED STATES</current-chamber>

		<action>

			<action-date date="20041607">October 7, 2004</action-date>

			<action-desc><sponsor name-id="S262">Mr. Smith</sponsor> introduced the

			 following bill; which was read twice and referred to the

			 <committee-name committee-id="SLIA00">Committee on Indian

			 Affairs</committee-name></action-desc>

		</action>

		<legis-type>A BILL</legis-type>

		<official-title>To establish the Mark O. Hatfield-Elizabeth Furse

		  Scholarship and Excellence in Tribal Governance Foundation, and for other

		  purposes.</official-title>

	</form>

	<legis-body>

		<section id="S1" section-type="section-one"><enum>1.</enum><header>Short

			 title</header>

			<text display-inline="no-display-inline">This Act may be cited as the

			 <quote><short-title>Mark O. Hatfield-Elizabeth Furse

			 Scholarship and Excellence in Tribal Governance Act of

			 2004</short-title></quote>.</text>

		</section><section id="id31125CE190D74B40883EE06B415CC912"><enum>2.</enum><header>Findings</header><text display-inline="no-display-inline">Congress finds that—</text>

			<paragraph id="id1A9C9E2E907E43E3A4110B3C1F185AE2"><enum>(1)</enum><text>Senator Mark O.

			 Hatfield and Congresswoman Elizabeth Furse served the United States with

			 distinction and honor;</text>

			</paragraph><paragraph id="id80D6D05300BB4DA799C20FC62ADD2812"><enum>(2)</enum><text>Senator Hatfield

			 and Congresswoman Furse have had a lasting impact on the relationship between

			 the United States and Native Americans;</text>

			</paragraph><paragraph id="idFB9A329FB8A247EA8BCF8174B626E5F4"><enum>(3)</enum><text>Senator Hatfield

			 and Congresswoman Furse have been champions of the rights of Native Americans

			 and Alaska Natives and worked in Congress to strengthen tribal self-governance;

			 and</text>

			</paragraph><paragraph id="idC18AFBC030AC448897409FCE3972F45B"><enum>(4)</enum><text>it is a fitting

			 tribute to the leadership, courage, and bipartisan spirit that Senator Mark O.

			 Hatfield and Congresswoman Elizabeth Furse exemplify to establish in their

			 names programs to encourage excellence in tribal government.</text>

			</paragraph></section><section id="idE6ED81F80A664647AF6009491449DA85"><enum>3.</enum><header>Definitions</header><text display-inline="no-display-inline">In this Act:</text>

			<paragraph id="id7FB606BAF3FD43F9BB4287243D3A4D6E"><enum>(1)</enum><header>Board</header><text>The

			 term <term>Board</term> means the Board of Trustees of the Foundation

			 established under section 4(b).</text>

			</paragraph><paragraph id="idC01E608E47734F74AA9728DE1BA10241"><enum>(2)</enum><header>Eligible

			 individual</header><text>The term <term>eligible individual</term> means a

			 citizen or national of the United States or a permanent resident alien of the

			 United States.</text>

			</paragraph><paragraph id="id11668AB109B74428BC5277DB8314486A"><enum>(3)</enum><header>Foundation</header><text>The

			 term <term>Foundation</term> means the Mark O. Hatfield-Elizabeth Furse

			 Scholarship and Excellence in Tribal Governance Foundation established by

			 section 4(a).</text>

			</paragraph><paragraph id="id2D5F4DC0BE9A466C996DA06A397F61A2"><enum>(4)</enum><header>Fund</header><text>The

			 term <term>Fund</term> means the Mark O. Hatfield-Elizabeth Furse Scholarship

			 and Excellence in Tribal Governance Fund established by section 7.</text>

			</paragraph><paragraph id="id511381C08F6A4762A48C94C9691D7F14"><enum>(5)</enum><header>Institute</header><text>The

			 term <term>Institute</term> means the Institute for Tribal Government at

			 Portland State University.</text>

			</paragraph><paragraph id="idD973C1275BCD46918EE16E3929677E06"><enum>(6)</enum><header>Institution of

			 higher education</header><text>The term <term>institution of higher

			 education</term> has the meaning given the term in section 101(a) of the Higher

			 Education Act of 1965 (20 U.S.C. 1001(a)).</text>

			</paragraph><paragraph id="id494963B82AF94803BDECD7686C9E96AF"><enum>(7)</enum><header>State</header><text>The

			 term <term>State</term> means—</text>

				<subparagraph id="id2022003E963446729EE413D6C1D4C33F"><enum>(A)</enum><text>a State;</text>

				</subparagraph><subparagraph id="id10C5E8EB057B4991BE5EE0FE2A457AD7"><enum>(B)</enum><text>the District of

			 Columbia;</text>

				</subparagraph><subparagraph id="idFB7BC6F96D4549369A08FC24A7DA06B1"><enum>(C)</enum><text>American

			 Samoa;</text>

				</subparagraph><subparagraph id="id9EA3DF667D7C4668A867E6F1E421B75F"><enum>(D)</enum><text>the Commonwealth

			 of the Northern Mariana Islands;</text>

				</subparagraph><subparagraph id="id0E53430379654DF8BF5FAD76D88543E7"><enum>(E)</enum><text>Guam;</text>

				</subparagraph><subparagraph id="idB8B30BE90ADF4E5DBC6C12EB60DFAFD3"><enum>(F)</enum><text>the Republic of

			 the Marshall Islands;</text>

				</subparagraph><subparagraph id="id696B5EBC19FF4B6FA572E2AC6AC55AAC"><enum>(G)</enum><text>the Federal

			 States of Micronesia;</text>

				</subparagraph><subparagraph id="id0A6021C072804E80978935E66881F38D"><enum>(H)</enum><text>the Republic of

			 Palau;</text>

				</subparagraph><subparagraph id="id8E8149827C1B4AA2927EA3F098959AB6"><enum>(I)</enum><text>the Commonwealth

			 of Puerto Rico; and</text>

				</subparagraph><subparagraph id="idF8E39EE37765417481FF9398AD286174"><enum>(J)</enum><text>the United States

			 Virgin Islands.</text>

				</subparagraph></paragraph></section><section id="idAE274796EF6D41B7B1EA32E32D344DE9"><enum>4.</enum><header>Establishment of

			 the Mark O. Hatfield-Elizabeth Furse Scholarship and Excellence in Tribal

			 Governance Foundation</header>

			<subsection id="idE706EBBE98F74252BA45F256BF2E9D1A"><enum>(a)</enum><header>Establishment</header><text>There

			 is established as an independent entity in the Executive branch the Mark O.

			 Hatfield-Elizabeth Furse Scholarship and Excellence in Tribal Governance

			 Foundation.</text>

			</subsection><subsection id="idC9BB41EBF8E14564855657C411C6C814"><enum>(b)</enum><header>Board of

			 Trustees</header>

				<paragraph id="id6892A8A67A5F4460812DA7F8AA3BDF6E"><enum>(1)</enum><header>In

			 general</header><text>The Foundation shall be subject to the supervision and

			 direction of a Board of Trustees.</text>

				</paragraph><paragraph id="id76DE7A2B2C1D4E27A5628D80EDCF0A96"><enum>(2)</enum><header>Membership</header><text>The

			 Board shall be comprised of 12 trustees, of whom—</text>

					<subparagraph id="id8F65FDF99C2F47DCA1B1BF42A8860CDA"><enum>(A)</enum><text>2 trustees shall

			 be individuals appointed by the President, by and with the advice and consent

			 of the Senate, after considering recommendations of the Speaker of the House of

			 Representatives, in consultation with the minority leader of the House of

			 Representatives;</text>

					</subparagraph><subparagraph id="id5ECEFE76E73D4B82AAE86E6EA74A89FC"><enum>(B)</enum><text>2 trustees shall

			 be individuals appointed by the President, by and with the advice and consent

			 of the Senate, after considering recommendations of the President pro tempore

			 of the Senate, in consultation with the majority and minority leaders of the

			 Senate;</text>

					</subparagraph><subparagraph id="id2EE47BAA216D47AE9A4A95EE6F3BD1F4"><enum>(C)</enum><text>5 trustees, not

			 more than 3 trustees of whom shall be of the same political party, shall be

			 individuals appointed by the President, by and with the advice and consent of

			 the Senate, who have demonstrated leadership and interest in strengthening

			 tribal self-governance, such as tribal leaders involved in health and public

			 policy development affecting Native American and Alaska Native

			 communities;</text>

					</subparagraph><subparagraph id="id926B2E7982344FD98BFB038AD09E317B"><enum>(D)</enum><text>1 trustee shall

			 be the Secretary of the Interior;</text>

					</subparagraph><subparagraph id="idF890B5A991074BA6B955C961257ADD76"><enum>(E)</enum><text>1 trustee shall

			 be the Secretary of Education; and</text>

					</subparagraph><subparagraph id="id41474EC0D9674732B29F951EC1BF5D7F"><enum>(F)</enum><text>1 trustee shall

			 be the president of Portland State University, who shall serve as a nonvoting

			 member and shall not be eligible to serve as Chairperson.</text>

					</subparagraph></paragraph></subsection><subsection id="id621560A1CA174FDBB614FB6D509B3FD1"><enum>(c)</enum><header>Term</header>

				<paragraph id="id55A25F6184E34A2F86E3CFE359750E0B"><enum>(1)</enum><header>In

			 general</header><text>The term of a member of the Board shall be 6 years,

			 except that—</text>

					<subparagraph id="id420C62CD432D4B4F9D5C4B134D957675"><enum>(A)</enum><text>in the case of

			 the trustees first taking office—</text>

						<clause id="idE2D31A9222C14F44B2E0AD0DC1C6904A"><enum>(i)</enum><text>as

			 designated by the President, 1 trustee appointed under subsection (b)(2)(B) and

			 2 trustees appointed under subsection (b)(2)(C) shall serve 2 years;</text>

						</clause><clause id="id022D645CDE934B3FB8344F29BB88F537"><enum>(ii)</enum><text>as

			 designated by the President, 1 trustee appointed under subsection (b)(2)(A) and

			 2 trustees appointed under subsection (b)(2)(C) shall serve 4 years; and</text>

						</clause><clause id="id6804E0708D444B238C87BF54D35811E0"><enum>(iii)</enum><text>as designated

			 by the President, 1 trustee appointed under subsection (b)(2)(A), 1 trustee

			 appointed under subsection (b)(2)(B), and 1 trustee appointed under subsection

			 (b)(2)(C) shall serve 6 years; and</text>

						</clause></subparagraph><subparagraph id="id8E4744B7D49E4C7296DDD257BBB33FFE"><enum>(B)</enum><text>a trustee

			 appointed to fill a vacancy shall—</text>

						<clause id="id3CD0D24463274F6A952B9DCA3FD6AEFC"><enum>(i)</enum><text>serve for the

			 remainder of the term for which the predecessor of the trustee was appointed;

			 and</text>

						</clause><clause id="idDFFBAE1F6C6E458DA0D3D632BCA9F54E"><enum>(ii)</enum><text>be

			 appointed in the same manner as the original appointment for that vacancy was

			 made.</text>

						</clause></subparagraph></paragraph></subsection><subsection id="id8384E69312C548C4AFF6741DF8C624DB"><enum>(d)</enum><header>Travel and

			 subsistence pay</header><text>A trustee shall serve without pay, but shall be

			 entitled to reimbursement for travel, subsistence, and other necessary expenses

			 incurred in the performance of the duties of a member of the Board.</text>

			</subsection><subsection id="id9109CA28060644AAB375BE7179CC46AC"><enum>(e)</enum><header>Location of

			 Foundation</header><text>The Foundation shall be located in Portland,

			 Oregon.</text>

			</subsection><subsection id="id49F5E3D50BE345B58833785E98796E4A"><enum>(f)</enum><header>Executive

			 Director</header>

				<paragraph id="idE4357BA54FE64B5EA98813AC6921735D"><enum>(1)</enum><header>In

			 general</header><text>There shall be an Executive Director of the Foundation,

			 who shall be appointed by the Board.</text>

				</paragraph><paragraph id="id1E2E5B8F706B43FD9894433A61AC6527"><enum>(2)</enum><header>Duties</header><text>The

			 Executive Director—</text>

					<subparagraph id="idE48D59C0B02D4675B19F9DF8C69B708E"><enum>(A)</enum><text>shall be the

			 chief executive officer of the Foundation; and</text>

					</subparagraph><subparagraph id="id1A27B5F2A32F4CA1AB2F8FD26D5FABD0"><enum>(B)</enum><text>shall carry out

			 the functions of the Foundation, subject to the supervision and direction of

			 the Board, and such other functions consistent with this Act as the Board shall

			 prescribe.</text>

					</subparagraph></paragraph><paragraph id="id976443F2ED864CC8AB07C328541A697A"><enum>(3)</enum><header>Compensation</header><text>The

			 Executive Director shall be compensated at the rate specified for an employee

			 in level IV of the Executive Schedule under section 5315 of title 5, United

			 States Code.</text>

				</paragraph></subsection></section><section id="id3270B52165F3451A937D0654425DDC95"><enum>5.</enum><header>Purposes</header><text display-inline="no-display-inline">The purposes of the Foundation shall

			 be—</text>

			<paragraph id="id73D149D5805A4BDB9BFFD86C7ED6622B"><enum>(1)</enum><text>to develop

			 resources to properly train Native American and Alaska Native tribal council

			 members in self-government and related fields;</text>

			</paragraph><paragraph id="id368595B122B649898FD367F4D2F188BF"><enum>(2)</enum><text>to foster among

			 people in the United States greater recognition and understanding of the role

			 of tribal self-government in the development of the United States;</text>

			</paragraph><paragraph id="id84062779E25E40709E4FE9344ADBDBF1"><enum>(3)</enum><text>to identify

			 critical issues facing tribal governments;</text>

			</paragraph><paragraph id="id0280EA0113A54F249A45A431689F8272"><enum>(4)</enum><text>to establish a

			 program for tribal governance research at the Institute; and</text>

			</paragraph><paragraph id="id5CABB39C6E5A400182FBBA5533EE511F"><enum>(5)</enum><text>to provide

			 educational outreach regarding tribal self-government.</text>

			</paragraph></section><section id="id39B6A99F4405485B80867FFBCD86780B"><enum>6.</enum><header>Authority of the

			 Foundation</header>

			<subsection id="id4789B4EB50C3442B83B54C6A954DDE60"><enum>(a)</enum>

				<header>In general</header><text>The Foundation, in consultation with

			 the Institute, may identify and conduct such programs, activities, and services

			 as the Foundation considers appropriate to carry out the purposes of the

			 Foundation.</text>

			</subsection><subsection id="idC5E6C03CA1934AF5A463B3327079E790"><enum>(b)</enum><header>Programs,

			 Activities, and Services</header><text>The Foundation may, in accordance with

			 this section—</text>

				<paragraph id="id12C55D44AE9843C8ABB44AB061A46B32"><enum>(1)</enum><text>award

			 scholarships, fellowships, internships, and grants; and</text>

				</paragraph><paragraph id="id5AF6C053F67F4699B28E4CFF725FB4A1"><enum>(2)</enum><text>provide grants to

			 the Institute to carry out and manage other programs, activities, and

			 services.</text>

				</paragraph></subsection><subsection id="id94C4FF932A304BD080A875D51BC5EE64"><enum>(c)</enum><header>National

			 Competition</header><text>The Foundation may provide, directly or by contract,

			 for the conduct of national competition for the purpose of selecting recipients

			 of scholarships, fellowships, internships, and grants awarded under this

			 Act.</text>

			</subsection><subsection id="id1B064C5DB6F245A381B0943C6F36689D"><enum>(d)</enum><header>Award of

			 Scholarships, Fellowships, Internships, and Grants</header>

				<paragraph id="id74620C3A769F4D9AB40D81E5E7A6F1B2"><enum>(1)</enum><header>In

			 general</header><text>The Foundation may award scholarships, fellowships,

			 internships, and grants to eligible individuals who meet the minimum criteria

			 established by the Foundation, for study in fields relating to tribal

			 governance.</text>

				</paragraph><paragraph changed="not-changed" commented="no" display-inline="no-display-inline" id="idF5185BE1EF7A47029CACFE1502A43F38" reporting-committee-number="1"><enum>(2)</enum><header>Elizabeth furse

			 scholars</header><text display-inline="yes-display-inline">Recipients of

			 scholarships, fellowships, internships, and grants under this Act shall be

			 known as <quote>Elizabeth Furse Scholars</quote>.</text>

				</paragraph></subsection><subsection id="id2CC27E0796084F969D710C9B0DFB4E3C"><enum>(e)</enum><header>Scholarships</header>

				<paragraph id="idADA6303A569F4606887360651531B56A"><enum>(1)</enum><header>In

			 general</header><text>The Foundation may award scholarships to

			 outstanding—</text>

					<subparagraph id="idA17020FC0BBC461F883546CC555A0996"><enum>(A)</enum><text>undergraduate

			 students who intend to pursue careers relating to tribal governance; and</text>

					</subparagraph><subparagraph id="idB76C2A662B834A50A330E97A5C726514"><enum>(B)</enum><text>Native American

			 and Alaska Native undergraduate students who intend to pursue careers in tribal

			 public policy.</text>

					</subparagraph></paragraph><paragraph id="idD319F8DB7CF24C0CBF93F7A740E0C96A"><enum>(2)</enum><header>Payments</header><text>An

			 eligible individual awarded a scholarship under this Act may receive payments

			 under this Act only during such periods as the Foundation determines that the

			 eligible individual—</text>

					<subparagraph id="id9F86BBA1C8284EF0BF332244776C1945"><enum>(A)</enum><text>is maintaining

			 satisfactory proficiency and devoting full time to study or research;

			 and</text>

					</subparagraph><subparagraph id="id5DE5ADC84DB34CA2943DD7F642A18424"><enum>(B)</enum><text>is not engaging

			 in gainful employment other than employment approved by the Foundation under

			 regulations of the Board.</text>

					</subparagraph></paragraph><paragraph id="idC284E344B9A84E1AAA6DDA38325DA0DC"><enum>(3)</enum><header>Reports</header>

					<subparagraph id="id1BA85E77797F45E8B7F8781F0658D01D"><enum>(A)</enum><header>In

			 general</header><text>The Foundation may require reports containing such

			 information, in such form, and to be filed at such times as the Foundation

			 determines to be necessary from any eligible individual awarded a scholarship

			 under this Act.</text>

					</subparagraph><subparagraph id="idFE817BA6C00648BB8A345B3810760B1A"><enum>(B)</enum><header>Certificate</header><text>Except

			 as otherwise provided under this subsection, a report under subparagraph (A)

			 shall be accompanied by a certificate from an appropriate official at the

			 institution of higher education, approved by the Foundation, stating that the

			 individual is making satisfactory progress in, and is devoting essentially full

			 time to, study or research.</text>

					</subparagraph></paragraph></subsection><subsection id="id56BB41F92FD544E3ADEBE2F246261F98"><enum>(f)</enum><header>Fellowships</header><text>The

			 Foundation may award fellowships to—</text>

				<paragraph id="idA5C5B9679C754266BC38EDDA53C14F24"><enum>(1)</enum><text>outstanding

			 graduate students who intend to pursue advanced degrees in fields relating to

			 tribal governance;</text>

				</paragraph><paragraph id="id3F9E4C8AC3864DAD9D914207FF602035"><enum>(2)</enum><text>outstanding

			 Native American and Alaska Native graduate students who intend to pursue

			 advanced degrees in tribal public policy, law, or medicine; and</text>

				</paragraph><paragraph id="id8A47069F9E0C4F5BA01206F7CC52FDCF"><enum>(3)</enum><text>faculty from a

			 variety of disciplines to bring the expertise of the faculty to the

			 Foundation.</text>

				</paragraph></subsection><subsection id="id01B60A3B53CC46DA97223DD12C0B643F"><enum>(g)</enum><header>Internships</header><text>The

			 Foundation may award internships to deserving and qualified—</text>

				<paragraph id="id5A3D6118A5C042559B94AFB3F1ED3F86"><enum>(1)</enum><text>individuals, for

			 use in participating in internships in Federal, State, and local agencies or in

			 offices of major tribal governance organizations; and</text>

				</paragraph><paragraph id="idCA52769374474CFA9AC503E81DE989BD"><enum>(2)</enum><text>Native American

			 and Alaska Native individuals, for use in participating in internships in

			 Federal, State, and local agencies or in offices of major public health or

			 public policy organizations.</text>

				</paragraph></subsection><subsection id="idABF5FDA22F2F4FD4847DB87B7EC2B911"><enum>(h)</enum><header>Grants</header><text>The

			 Foundation shall award grants to the Institute—</text>

				<paragraph id="id268034B96E4744A2AF718635EC7EF66D"><enum>(1)</enum><text>to provide for an

			 annual panel of experts to discuss contemporary tribal governance

			 issues;</text>

				</paragraph><paragraph id="idBEC274346F6247BDA0DA40563D7DB9F1"><enum>(2)</enum><text>to conduct tribal

			 governance policy research;</text>

				</paragraph><paragraph id="id88B9938906DE4FFAB35E1B263ABE7BFA"><enum>(3)</enum><text>to conduct

			 research on Native American and Alaska Native tribal public policy issues;

			 and</text>

				</paragraph><paragraph id="id13ED8E7FA802487D9C81BD135CBDC0D7"><enum>(4)</enum><text>to invite

			 visiting policymakers to share practical experiences with the

			 Foundation.</text>

				</paragraph></subsection><subsection id="idBD471473F47B432FA62A62B0806FD6F2"><enum>(i)</enum><header>Coordination</header><text>The

			 Foundation shall assist in the development and implementation of a program for

			 tribal governance research to be located at the Institute.</text>

			</subsection><subsection id="idAB355A3B9C9C4C419AAAD7ABEBE2FE87"><enum>(j)</enum><header>Program

			 priorities</header>

				<paragraph id="id74CA964EB0DA4FFCA252FDE3FC645CCD"><enum>(1)</enum><header>In

			 general</header><text>Subject to paragraph (2), the Foundation shall

			 determine—</text>

					<subparagraph id="idCE0A608920ED43DD89C6752D3ADC95A1"><enum>(A)</enum><text>the priority of

			 the programs to be carried out under this Act; and</text>

					</subparagraph><subparagraph id="id366A7E0CF2C44ED99F253F0C84A86E52"><enum>(B)</enum><text>the amount of

			 funds to be allocated for the programs.</text>

					</subparagraph></paragraph><paragraph id="id2303A13B033340C6BDEF7FD3B2101447"><enum>(2)</enum><header>Requirements</header><text>Of

			 amounts made available to carry out this section—</text>

					<subparagraph id="id40D5C01B7A0F489AA6E0765309229831"><enum>(A)</enum><text>not less than 50

			 percent shall be used for the programs described in subsections (e), (f), and

			 (g);</text>

					</subparagraph><subparagraph id="id883E0442D7194A249FF6C32908FC6A39"><enum>(B)</enum><text>not less than 20

			 percent shall be made available to the Institute to carry out subsections (h)

			 and (i), on the conditions that—</text>

						<clause id="id2F45BC9BBEFB49BD98FF24317FC27EE3"><enum>(i)</enum><text>a

			 25-percent matching share is provided from other non-Federal sources;

			 and</text>

						</clause><clause id="idC221952782FF4D80AE6CA1F72BC1B00B"><enum>(ii)</enum><text>adequate space

			 at the Institute is made available by the Institute for the Executive Director

			 and other appropriate staff of the Foundation; and</text>

						</clause></subparagraph><subparagraph id="id2B1D1FC0C6034FCA9B3C288A41354966"><enum>(C)</enum><text>not more than 15

			 percent shall be used for salaries and other administrative purposes.</text>

					</subparagraph></paragraph></subsection></section><section id="idFC7523E58F20428C929315E4A03F5E51"><enum>7.</enum><header>Establishment of

			 Mark O. Hatfield-Elizabeth Furse Scholarship and Excellence in Tribal

			 Governance Trust Fund</header>

			<subsection id="id8CAADB6C827F43E1A40D054D29426A86"><enum>(a)</enum><header>Establishment

			 of Fund</header><text>There is established in the Treasury of the United States

			 a trust fund to be known as the <quote>Mark O. Hatfield-Elizabeth Furse

			 Scholarship and Excellence in Tribal Governance Trust Fund</quote>, to be

			 administered by the Foundation, consisting of amounts appropriated to the fund

			 under section 10.</text>

			</subsection><subsection id="id0C00646B2DFD4EA69DF99F935C0E8B5D"><enum>(b)</enum><header>Investment of

			 Fund assets</header>

				<paragraph id="id4F803E92EA954B6C837350E33FC2C4C5"><enum>(1)</enum><header>In

			 general</header><text>The Secretary of the Treasury shall invest in full, at

			 the direction of the Board, the amounts appropriated to the Fund.</text>

				</paragraph><paragraph id="id9BD16B3C02DD42AEB62D8D9A0EAEA861"><enum>(2)</enum><header>Eligible

			 investments</header><text>The investments shall be in public debt securities

			 with maturities suitable for the needs of the Fund.</text>

				</paragraph><paragraph id="id52382E220D214018B5749C97F01ED737"><enum>(3)</enum><header>Interest</header><text>Investments

			 in public debt securities shall bear interest at rates determined by the

			 Secretary of the Treasury, taking into consideration the current average market

			 yield on outstanding marketable obligations of the United States of comparable

			 maturity.</text>

				</paragraph></subsection></section><section id="id28E6C189BC2F46F18D49240A503F6A8B"><enum>8.</enum><header>Expenditures and

			 audit of trust fund</header>

			<subsection id="idCE89ED41087248729D8587FCB7DE7FC8"><enum>(a)</enum><header>In

			 general</header><text>The Foundation shall pay from the interest and earnings

			 of the Fund such amounts as the Board determines are appropriate to enable the

			 Foundation to carry out this Act.</text>

			</subsection><subsection id="id64D714FF76194970B5C4ACEBFECE2CF3"><enum>(b)</enum><header>Audit by

			 Government Accountability Office</header>

				<paragraph id="idE0D7009D930C4CC984EE9DFEEDB03127"><enum>(1)</enum><header>In

			 general</header><text>The activities of the Foundation and the Institute under

			 this Act may be audited by the Government Accountability Office under such

			 regulations as may be promulgated by the Comptroller General of the United

			 States.</text>

				</paragraph><paragraph id="idF0AF86345C6C43CBA019DAF3AD75845C"><enum>(2)</enum><header>Access</header><text>Representatives

			 of the Government Accountability Office shall have access to all books,

			 accounts, records, reports filed and all other papers, things, or property

			 belonging to or in use by the Foundation and the Institute that pertain to

			 federally-assisted activities and are necessary to facilitate the audit.</text>

				</paragraph></subsection></section><section id="idFEF99FBC1C674678960E68905D0F0A98"><enum>9.</enum><header>Administrative

			 provisions</header>

			<subsection id="idFDAB05D8545946C9A489B9A5BC007F87"><enum></enum><text>To carry out

			 this Act, the Foundation may—</text>

				<paragraph id="id8DCC28EF69BE4F5A80CA62C23136EE11"><enum>(1)</enum><text>appoint, and fix

			 the compensation of, such personnel as are necessary to carry out this Act,

			 except that in no case shall an employee other than the Executive Director be

			 compensated at a rate that exceeds the maximum rate for employees in grade

			 GS–15 of the General Schedule under section 5332 of title 5, United States

			 Code;</text>

				</paragraph><paragraph id="idC6CF972FF21C41A9B9596A48766046D3"><enum>(2)</enum><text>procure or fund

			 the Institute to procure temporary and intermittent services of such experts

			 and consultants as are necessary to the extent authorized by section 3109 of

			 title 5, United States Code, but at rates not to exceed the rate specified at

			 the time of such service for level IV of the Executive Schedule under section

			 5315 of title 5, United States Code;</text>

				</paragraph><paragraph id="id82080D4D2F7C40ED8104319A3C719835"><enum>(3)</enum><text>promulgate such

			 regulations as the Foundation considers to be necessary governing the manner in

			 which the functions of the Foundation shall be carried out;</text>

				</paragraph><paragraph id="id46D9D4025DAE4DC4B38AEB0AE528E875"><enum>(4)</enum><text>accept, hold,

			 administer, and use gifts, both real and personal, for the purpose of aiding or

			 facilitating the work of the Foundation;</text>

				</paragraph><paragraph id="idD3793384BCA44C12AACD3939FA0B9C89"><enum>(5)</enum><text>accept and use

			 the services of voluntary and noncompensated personnel and reimburse such

			 personnel for travel expenses, including per diem expenses, as authorized by

			 section 5703 of title 5, United States Code;</text>

				</paragraph><paragraph id="id3D5381397B914D02A3C40FAA002548DD"><enum>(6)</enum><text>enter into

			 contracts, grants, or other arrangements or modifications of contracts, grants,

			 or arrangements to carry out this Act, which contracts, grants, arrangements,

			 and modifications may, with the concurrence of at least

			 <fraction>2/3</fraction> of the members of the Board, be entered into without

			 performance bond or other bond, and without regard to section 3709 of the

			 Revised Statutes (41 U.S.C. 5); and</text>

				</paragraph><paragraph id="idCCD15BDE22074515AF33F2E86ABDC43C"><enum>(7)</enum><text>make other

			 necessary expenditures.</text>

				</paragraph></subsection></section><section id="id66A9133E65574484A26BD34B4BBC6239"><enum>10.</enum><header>Authorization

			 of appropriations</header>

			<subsection id="idE03811C224CF4F5AA4FFAF0B562157B0"><enum></enum><text>There is

			 authorized to be appropriated to the Fund $50,000,000.</text>

			</subsection></section></legis-body>

</bill>

