Page:United States Statutes at Large Volume 110 Part 1.djvu/1142

 110 STAT. 1118 PUBLIC LAW 104-127—APR. 4, 1996 "(3) EXCEPTIONS.— The prohibitions contained in paragraph (1) shall not apply if a member of the Corporate Board advises the Corporate Board of the nature of the particular matter in which the member proposes to participate, and if the member makes a full disclosure of the financial interest, prior to any participation, and the Corporate Board determines, by majority vote, that the financial interest is too remote or too inconsequential to affect the integrity of the member'services to the Corporation in that matter. The member involved shall not vote on the determination. "(4) FINANCIAL DISCLOSURE.— ^A Board member shall be subject to the financial disclosure requirements set forth in subchapter B of chapter XVI of title 5, Code of Federal Regulations (or any corresponding or similar regulation or ruling), applicable to a special Government employee (as defined in section 202(a) of title 18, United States Code). "(k) DELEGATION OF AUTHORITY.— "(1) IN GENERAL.—The Corporate Board may, by resolution, delegate to the Chairperson, the Executive Director, or any other officer or employee any function, power, or duty assigned to the Corporation under this subtitle, other than a function, power, or duty expressly vested in the Corporate Board by subsections (c) through (n). "(2) PROHIBITION ON DELEGATION.— Notwithstanding any other law, the Secretary and any other officer or employee of the United States shall not make any delegation to the Corporate Board, the Chairperson, the Executive Director, or the Corporation of any power, function, or authority not expressly authorized by this subtitle, unless the delegation is made pursuant to an authority in law that expressly makes reference to this section. "(3) REORGANIZATION ACT.— Notwithstanding any other law, the President (through authorities provided under chapter 9 of title 5, United States Code) may not authorize the transfer to the Corporation of any power, function, or authority in addition to powers, functions, and authorities provided by law. "(1) BYLAWS. —Notwithstanding section 1658(f)(2), the Corporate Board shall adopt, and may from time to time amend, any bylaw that is necessary for the proper management and functioning of the Corporation. The Corporate Board shall not adopt any bylaw that has not been reviewed and approved by the Secretary. "(m) ORGANIZATION.—The Corporate Board shall provide a system of organization to fix responsibility and promote efficiency. " (n) PERSONNEL AND FACILITIES OF CORPORATION.— "(1) APPOINTMENT AND COMPENSATION OF PERSONNEL. — The Corporation may select and appoint officers, attorneys, employees, and agents, who shall be vested with such powers and duties as the Corporation may determine. "(2) USE OF FACILITIES AND SERVICES OF THE DEPARTMENT OF AGRICULTURE.— Notwithstanding any other provision of law, to perform the responsibilities of the Corporation under this subtitle, the Corporation may partially or jointly utilize the facilities of and the services of employees of the Department of Agriculture, without cost to the Corporation. "(3) GOVERNMENT EMPLOYMENT LAWS. —An officer or employee of the Corporation shall be subject to all laws of the United States relating to governmental employment.".

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