(a) In generalThe Board may—
adopt a constitution and bylaws for the Foundation that are consistent with the purposes of this chapter; and
(b) Officers and employees
(1) Appointment and hiringAn officer or employee of the Foundation—
shall not, by virtue of the appointment or employment of the officer or employee, be considered a Federal employee for any purpose, including the provisions of title 5 governing appointments in the competitive service, except that such an individual may participate in the Federal employee retirement system as if the individual were a Federal employee; and
may not be paid by the Foundation a salary in excess of $125,000 per year.
(2) Executive Director
(A) Initial Director
(B) Subsequent Directors
The Executive Director shall be knowledgeable and experienced in matters relating to natural resources conservation.