Page:United States Statutes at Large Volume 110 Part 1.djvu/1160

 110 STAT. 1136 PUBLIC LAW 104-127 —APR. 4, 1996 "(C) RELECTION. —^A voting member may be reelected for not more than 1 additional term. "(6) VACANCY. — "(A) IN GENERAL. —^A vacancy on the Board shall be filled in the same manner as the original Board. "(B) RELECTION.— A member elected to fill a vacancy for an unexpired term may be reelected for 1 full term. " (7) CHAIRPERSON.— "(A) IN GENERAL.—The Board shall select a chairperson from among the voting members of the Board. "(B) TERM. — The term of office of the chairperson shall be 2 years. " (8) ANNUAL MEETING. — "(A) IN GENERAL. — The Board shall meet not less than once each fiscal year at the call of the chairperson or at the request of the executive director appointed under subsection (g)(1). "(B) LOCATION.— The location of a meeting of the Board shall be established by the Board. " (9) VOTING.— "(A) QUORUM.— ^A quorum of the Board shall consist of a majority of the voting members. "(B) MAJORITY VOTE.—^A decision of the Board shall be made by a majority of the voting members of the Board. "(10) CONFLICTS OF INTEREST.— "(A) IN GENERAL.—Except as provided in subparagraph (D), a member of the Board shall not vote on any matter respecting any application, contract, claim, or other particular matter pending before the Board in which, to the knowledge of the member, an interest is held by— "(i) the member; "(ii) any spouse of the member; "(iii) any child of the member; "(iv) any partner of the member; "(v) any organization in which the member is serving as an officer, director, trustee, partner, or employee; or "(vi) any person with whom the member is negotiating or has any arrangement concerning prospective employment or with whom the member has a financial interest. "(B) REMOVAL. —Any action by a member of the Board that violates subparagraph (A) shall be cause for removal from the Board. "(C) VALIDITY OF ACTION. —An action by a member of the Board that violates subparagraph (A) shall not impair or otherwise affect the validity of any otherwise lawful action by the Board. " (D) DISCLOSURE.— "(i) IN GENERAL.—I f a member of the Board makes a full disclosure of an interest and, prior to any participation by the member, the Board determines, by majority vote, that the interest is too remote or too inconsequential to affect the integrity of any participation by the member, the member may participate in the matter relating to the interest, except as provided in subparagraph (E)(iii).

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