Page:United States Statutes at Large Volume 107 Part 1.djvu/908

 107 STAT. 882 PUBLIC LAW 103-82—SEPT. 21, 1993 "(E) DEFINITIONS. — As used in this paragraph: meaning given the term in section 480(d) of the Higher Education Act of 1965 (20 U.S.C. 1087w(d)). "(ii) TOTAL INCOME.— The term 'total income' has the meaning given the term in section 48(Ka) of the Higher Education Act of 1965 (20 U.S.C. 1087vv(a)). 42 USC 12651e. "SEC. 1»4. OFFICERS. "(a) MANAGING DIRECTORS.— President. "(1) IN GENERAL. — There shall be in the Corporation 2 Managing Directors, who shall be appointed by the President, by and with the advice and consent of the Senate, and who shall report to the Chief Executive Officer. "(2) COMPENSATION.—The Managing Directors shall be compensated at the rate provided for level IV of the Executive Schedule under section 5315 of title 5, United States Code. "(3) DUTIES. —The Corporation shall determine the programs for which the Managing Directors shall have primary responsibility and shall establish the divisions of the Corporation to be headed by the Managing Directors. " (b) INSPECTOR GENERAL. — "(1) OFFICE.—There shall be in the Corporation an Office of the Inspector General. "(2) APPOINTMENT. —The Office shall be headed by an Inspector General, appointed in accordance with the Inspector General Act of 1978. "(3) COMPENSATION.—The Inspector General shall be compensated at the rate provided for level IV of the Executive Schedule under section 5315 of title 5, United States Code. " (c) CHIEF FINANCIAL OFFICER.— President. "(1) OFFICE. —There shall be in the Corporation a Chief Financial Officer, who shall be appointed by the President, by and with the advice and consent of the Senate. " (2) COMPENSATION. —The Chief Financial Officer shall be compensated at the rate provided for level IV of the Executive Schedule under section 5315 of title 5, United States Code. "(3) DUTIES. —The Chief Financial Officer shall— "(A) report directly to the Chief Executive Officer regarding financial management matters; "(B) oversee all financial management activities relating to the programs and operations of the Corporation; "(C) develop and maintain an integrated accounting and financial management system for the Corporation, including financial reporting and internal controls; "(D) develop and maintain any joint financial management systems with the Department of Education necessary to carry out the programs of the Corporation; and "(E) direct, manage, and provide policy guidance and oversight of the financial management personnel, activities, and operations of the Corporation. "(d) ASSISTANT DIRECTORS FOR VISTA AND NATIONAL SENIOR VOLUNTEER CORPS.— "(1) APPOINTMENT.— One of the Managing Directors appointed under subsection (a) shall, in accordance with applicable provisions of title 5, United States Code, appoint
 * (i) INDEPENDENT. — The term 'independent' has the

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