A member of the Board shall serve for a 3-year term, with no such member serving more than two consecutive 3-year terms, except that initial appointments to the Board shall be staggered with an equal number of members appointed, to the maximum extent possible, to 1-year, 2-year, and 3-year terms, except that the term of a member of the Board shall continue until the successor of such member, if any, is appointed in accordance with paragraph (2).
The Board shall select its President by a majority vote.
(1) The Board shall—
prescribe such rules as are necessary to carry out such order;
(2) The Board shall prepare and submit to the Secretary, for the approval of the Secretary, a budget for each fiscal year of anticipated expenses and disbursements of the Board in the administration of the order, including the projected cost of—
(A) The Board, with the approval of the Secretary, may enter into contracts or agreements with a person for—
the development and conduct of activities authorized under an order; and
the payment of the cost thereof with funds collected through assessments under such order.
(B) Such contract or agreement shall require that—
(iii) the contracting party—
(II) make periodic reports to the Board of—