Page:United States Statutes at Large Volume 106 Part 2.djvu/293

 PUBLIC LAW 102-372—SEPT. 30, 1992 106 STAT. 1173 (d) COMPENSATION AND EXPENSES. — NO compensation shall be paid to the members of the Board for their services as members, but they may be reimbursed for actual and necessary traveling and subsistence expenses incurred by them in the performance of their duties as such members out of Foxuidation funds available to the Board for such purposes. (e) ACCEPTANCE OP GIFTS, DEVISES, AND BEQUESTS.— (1) IN GENERAL. — The Foundation is authorized to accept, receive, soUcit, hold, administer, and use any gifts, devises, or bequests, either absolutely or in trust, of re^ or personal property or any income therefrom or other interest therein for the benefit of or in connection with rural tourism, except that the Foundation may not accept any such gift, devise, or bequest which entails any expenditure other than from the resources of the Foundation. A gift, devise, or bequest may be accepted by the Foundation even though it is encumbered, restricted, or subject to beneficial interests of private persons if any current or future interest therein is for the benefit of rural tourism. (2) INDIANS.— ^A gift, devise, or bequest accepted by the Foundation for the benefit of or in connection with rnrel tourism on Indian reservations, pursuant to the Act of Februsiry 14, 1931 (25 U.S.C. 451), shall be maintained in a separate accounting for the benefit of Indian tribes in the development of tourism on Indian reservations. (f) INVESTMENTS.— Except as otherwise required by the instrument of transfer, the Foundation may sell, lease, invest, reinvest, retain, or otherwise dispose of or deal with any property or income thereof as the Board may from time to time determine. The Foundation shall not engage in any business, nor shall the Foundation make any investment that may not lawfully be made by a trust company in the District of Columbia, except that the Foundation may make any investment authorized by the instrument of transfer and may retain any property accepted by the Foundation. (g) PERPETUAL SUCCESSION; LIABILITY OF BOARD MEMBERS. — The Foundation shall have perpetual succession, with all the usual powers and obligations of a corporation acting as a trustee, including the power to sue and to be sued in its own name, but the members of the Board shall not be personsdly liable, except for malfeasance. (h) CONTRACTUAL POWER. —The Foundation shall have the power to enter into contracts, to execute instruments, and generally to do any and all lawful acts necessary or appropriate to its purposes. (i) ADMINISTRATION.— (1) IN GENERAL.—In carrying out the provisions of this section, the Board may adopt bylaws, rules, and regulations necessary for the administration of its fimctions and may hire officers and employees and contract for any other necessary services. Such officers and employees shall be appointed without regard to the provisions of title 5, United States Code, governing appointments in the competitive service and may be paid without regard to the provisions of chapters 51 and 53 of such title relating to classification and General Schedule pay rates. (2) SERVICES. —The Secretary of Commerce may accept the voluntary and uncompensated services of the Foundation, the Board, and the officers and employees of the Foundation in the performance of the functions authorized under this section.

�