Page:United States Statutes at Large Volume 121.djvu/130

 PUBLIC LAW 110–26—MAY 11, 2007

121 STAT. 109

‘‘§ 300107. Annual meeting ‘‘(a) IN GENERAL.—The annual meeting of the corporation is the annual meeting of delegates of the chapters. ‘‘(b) TIME OF MEETING.—The annual meeting shall be held as determined by the board of governors. ‘‘(c) PLACE OF MEETING.—The board of governors is authorized to determine that the annual meeting shall not be held at any place, but may instead be held solely by means of remote communication subject to such procedures as are provided in the bylaws. ‘‘(d) VOTING.— ‘‘(1) IN GENERAL.—In matters requiring a vote at the annual meeting, each chapter is entitled to at least 1 vote, and voting on all matters may be conducted by mail, telephone, telegram, cablegram, electronic mail, or any other means of electronic or telephone transmission, provided that the person voting shall state, or submit information from which it can be determined, that the method of voting chosen was authorized by such person. ‘‘(2) ESTABLISHMENT OF NUMBER OF VOTES.— ‘‘(A) IN GENERAL.—The board of governors shall determine on an equitable basis the number of votes that each chapter is entitled to cast, taking into consideration the size of the membership of the chapters, the populations served by the chapters, and such other factors as may be determined by the board. ‘‘(B) PERIODIC REVIEW.—The board of governors shall review the allocation of votes at least every 5 years.’’. SEC. 9. ENDOWMENT FUND.

Section 300109 of title 36, United States Code, is amended— (1) by striking ‘‘nine’’ from the first sentence thereof; and (2) by striking the second sentence and inserting the following: ‘‘The corporation shall prescribe policies and regulations on terms and tenure of office, accountability, and expenses of the board of trustees.’’. SEC. 10. ANNUAL REPORT AND AUDIT.

Subsection (a) of section 300110 of title 36, United States Code, is amended to read as follows: ‘‘(a) SUBMISSION OF REPORT.—As soon as practicable after the end of the corporation’s fiscal year, which may be changed from time to time by the board of governors, the corporation shall submit a report to the Secretary of Defense on the activities of the corporation during such fiscal year, including a complete, itemized report of all receipts and expenditures.’’. SEC. 11. COMPTROLLER GENERAL OF THE UNITED STATES AND OFFICE OF THE OMBUDSMAN.

(a) IN GENERAL.—Chapter 3001 of title 36, United States Code, is amended by redesignating section 300111 as section 300113 and by inserting after section 300110 the following new sections:

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‘‘§ 300111. Authority of the Comptroller General of the United States ‘‘The Comptroller General of the United States is authorized to review the corporation’s involvement in any Federal program or activity the Government carries out under law.

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