Page:United States Statutes at Large Volume 108 Part 3.djvu/415

 PUBLIC LAW 103-325—SEPT. 23, 1994 108 STAT. 2167 902 of title 31, United States Code. In the event of a vacancy in the position of the Administrator or during the absence or disability of the Administrator, the chief financial officer shall perform the duties of the position of Administrator. (3) OTHER OFFICERS AND EMPLOYEES.—The Administrator may appoint such other officers and employees of the Fund as the Administrator determines to be necessary or appropriate. (4) EXPEDITED HIRING. —During the 2-year period beginning on the date of enactment of this Act, the Administrator may— (A) appoint and terminate the individuals referred to in paragraphs (2) and (3) without regard to the civil service laws and regulations; and (B) fix the compensation of the individuals referred to in paragraph (3) without regard to the provisions of chapter 51 and subchapter III of chapter 53 of title 5, United States Code, relating to classification of positions and General Schedule pay rates, except that the rate of pay for such individuals may not exceed the rate payable for level V of the Executive Schedule under section 5316 of such title. (c) GENERAL POWERS.— In carrying out the functions of the Fund, the Administrator— (1) shall have all necessary and proper authority to carry out this subtitle and subtitle B of title II; (2) shall have the power to adopt, alter, and use a corporate seal for the Fund, which shall be judicially noticed; (3) may adopt, amend, and repeal bylaws, rules, and regulations governing the manner in which business of the Fund may be conducted and such rules and regulations as may be necessary or appropriate to implement this subtitle and subtitle B of title II; (4) may enter into, perform, and enforce such agreements, contracts, and transactions as may be deemed necessary or appropriate to the conduct of activities authorized under this subtitle and subtitle B of title II; (5) may determine the character of and necessity for expenditures of the Fund and the manner in which they shall , be incurred, allowed, and paid; (6) may utilize or employ the services of personnel of any agency or instrumentality of the United States with the consent of the agency or instrumentality concerned on a reimbursable or nonreimbursable basis; and (7) may execute all instruments necessary or appropriate in the exercise of any of the functions of the Fund under this subtitle and subtitle B of title II and may delegate to the officers of the Fund such of the powers and responsibilities of the Administrator as the Administrator deems necessary or appropriate for the administration of the Fund. (d) ADVISORY BOARD.— (1) ESTABLISHMENT. —T here is established an advisory board to the Fund to be known as the Community Development Advisory Board, which shall be operated in accordance with the provisions of the Federal Advisory Committee Act, except that section 14 of that Act does not apply to the Board. (2) MEMBERSHIP.— The Board shall consist of 15 members, including— (A) the Secretary of Agriculture or his or her designee;

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