22 U.S. Code § 290i–1 - Governor and Alternate Governor
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The President shall appoint a Governor and an Alternate Governor of the Bank—
(b) Term; termination and reappointment
The term of office for the Governor and the Alternate Governor shall be five years, subject at any time to termination of appointment or to reappointment. The Governor and Alternate Governor shall remain in office until a successor has been appointed.
(c) Compensation and expenses
No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor or Alternate Governor, except for reasonable expenses to attend meetings of the Board of Governors.
Source(Pub. L. 97–35, title XIII, § 1333,Aug. 13, 1981, 95 Stat. 741; Pub. L. 101–513, title V, § 562(b)(3),Nov. 5, 1990, 104 Stat. 2034; Pub. L. 112–166, § 2(z)(1),Aug. 10, 2012, 126 Stat. 1289.)
2012—Pub. L. 112–166substituted “The President shall appoint a Governor and an Alternate Governor of the Bank—” and pars. (1) and (2) for “The President, by and with the advice and consent of the Senate, shall appoint a Governor, an Alternate Governor, and a Director of the Bank.” in subsec. (a), redesignated second and third sentences of subsec. (a) as (b), and redesignated former subsecs. (b) and (c) as (c) and (d), respectively.
1990—Subsec. (a). Pub. L. 101–513substituted “Governor, an Alternate Governor, and a Director” for “Governor and an Alternate Governor”.
Effective Date of 2012 Amendment
Amendment by Pub. L. 112–166effective 60 days after Aug. 10, 2012, and applicable to appointments made on and after that effective date, including any nomination pending in the Senate on that date, see section 6(a) ofPub. L. 112–166, set out as a note under section 113 of Title 6, Domestic Security.
Delegation of Functions