20 U.S. Code § 5707 - Executive Secretary of Foundation

§ 5707.
Executive Secretary of Foundation
(a) Duties

There shall be an Executive Secretary of the Foundation who shall be appointed by the Board. The Executive Secretary shall be the chief executive officer of the Foundation and shall carry out the functions of the Foundation subject to the supervision and direction of the Board.

(b) Compensation

The Executive Secretary of the Foundation shall be compensated at an annual rate of basic pay not in excess of the amount payable for Executive Level V.

(Pub. L. 102–281, title IV, § 428, May 13, 1992, 106 Stat. 144.)
Repeal of Section

Pub. L. 115–31, div. E, title VI, § 631(a), May 5, 2017, 131 Stat. 376, provided that, effective one year after May 5, 2017, this section is repealed.

References in Text

Executive Level V, referred to in subsec. (b), probably means level V of the Executive Schedule, which is set out in section 5316 of Title 5, Government Organization and Employees.

Effective Date of Repeal

Repeal effective one year after May 5, 2017, see section 631(a) of Pub. L. 115–31, set out as a note under section 5701 of this title.

 

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