Page:United States Statutes at Large Volume 85.djvu/650

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PUBLIC LAW 92-181-DEC. 10, 1971

[85 STAT.

and duties of the F a r m Credit Administration. During any period in which the Governor holds any stock in any of the institutions subject to supervision of the F a r m Credit Administration, the appointment of the Governor shall be subject to approval by the President and during any such period the President shall have the power to remove the Governor. SEC. 5.11. COMPENSATION; SALARY AND EXPENSE ALLOWANCE.—The

5 USC 5311.

5JJSC 5332 note.

compensation of the Governor of the F a r m Credit Administration shall be at the rate fixed in the Executive Pay Schedule. The Board shall fix the allowance for his necessary travel and subsistence expenses or per diem in lieu thereof. SEC. 5.12. COMPLIANCE W I T H BOARD ORDERS.—It shall be the duty of the Governor of the F a r m Credit Administration to comply with all orders and directions which he receives from the Federal F a r m Credit Board and, as to third persons, all acts of the Governor shall be conclusively presumed to be in compliance with the orders and directions of the Board. SEC. 5.13. FARM CREDIT ORGANIZATION.—The Governor of the F a r m Credit Administration is authorized, in carrying out the powers and duties now or hereafter vested in him by this Act and acts supplementary thereto, to establish and to fix the powers and the duties of such divisions and instrumentalities as he may deem necessary to the efficient functioning of the Farm Credit Administration and the successful execution of the powers and duties so vested in the Governor and the Farm Credit Administration. The Governor shall appoint such other personnel as may be necessary to carry out the functions of the Farm Credit Administration: Provided, That the salary of positions of Deputy Governors shall not exceed the maximum scheduled rate of the general schedule of the Classification Act of 1949, as amended. The powers of the Governor may be exercised and performed by him through such other officers and employees of the F a r m Credit Administration as he shall designate. SEC. 5.14. SEAL.—The F a r m Credit Administration shall have a seal, as adopted by the Governor, which shall be judicially noted. SEC. 5.15. ADMINISTRATIVE EXPENSES.—The F a r m Credit Administration may, within the limits of funds available therefor, make necessary expenditures for personnel services and rent at the seat of Government and elsewhere; contract stenographic reporting services; purchase and exchange lawbooks, books of reference, periodicals, newspapers, expenses of attendance at meetings and conferences; purchase, operation, and maintenance at the seat of Government and elsewhere of motor-propelled passenger-carrying vehicles and other vehicles; printing and binding; and for such other facilities and services, including temporary employment by contract or otherwise, as it may from time to time find necessary for the proper administration of this Act. SEC. 5.16. ALLOCATION OF EXPENSES FOR ADMINISTRATIVE SERVICES BY THE FARM CREDIT ADMINISTRATION; DISPOSITION OF MONEY.—

(a) The F a r m Credit Administration shall prior to the first day of each fiscal year estimate the cost of administrative expenses for the ensuing fiscal year in administering this Act, including official functions, and shall apportion the amount so determined among the institutions of the System on such equitable basis as the Farm Credit Administration shall determine, and shall assess against and collect in advance the amounts so apportioned from the institutions among which the apportionment is made. (b) The amounts collected pursuant to subsection (a) of this section shall be covered into the Treasury, and credited to a special fund and, without regard to other law, shall be available to said Adminis-

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