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—
submit such plans and projects to the Secretary for approval;
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—
No plan, project, or budget referred to in paragraph (1) or (2) may become effective unless approved by the Secretary.
(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—
the contracting party develop and submit to the Board a plan or project, together with a budget or budgets that include the estimated cost to be incurred under such plan or project;
such plan or project become effective on the approval of the Secretary; and
(iii) the contracting party—
(II) make periodic reports to the Board of—