Page:United States Statutes at Large Volume 89.djvu/1071

 PUBLIC LAW 94-168—DEC. 23, 1975

89 STAT. 1011

of the Board. If the Board determines that such a need exists, such report shall include recommendations as to appropriate and effective means for establishing and implementing such a mechanism. SEC. 7. In carrying out its duties under this Act, the Board may— 15 USC 205f. (1) establish an Executive Committee, and such other commit- Committees, establishment. tees as it deems desirable; (2) establish such committees and advisory panels as it deems necessary to work with the various sectors of the Nation's economy and with Federal and State governmental agencies in the development and implementation of detailed conversion plans for those sectors. The Board may reimburse, to the extent authorized by law, the members of such committees; (3) conduct hearings at such times and places as it deems Hearings. appropriate; (4) enter into contracts, in accordance with the Federal Contracts. Property and Administrative Services Act of 1949, as amended (40 U.S.C. 471 et seq.), with Federal or State agencies, private firms, institutions, and individuals for the conduct of research or surveys, the preparation of reports, and other activities necessary to the discharge of its duties; (5) delegate to the Executive Director such authority as it deems advisable; and (6) perform such other acts as may be necessary to carry out the duties prescribed by this Act. SEC. 8. (a) The Board may accept, hold, administer, and utilize Gifts and gifts, donations, and bequests of property, both real and personal, and bequests. personal services, for the purpose of aiding or facilitating the work 15 USC 205g. of the Board. Gifts and bequests of money, and the proceeds from the sale of any other property received as gifts or bequests, shall be deposited in the Treasury in a separate fund and shall be disbursed upon order of the Board. (b) For purpose of Federal income, estate, and gift taxation, property accepted under subsection (a) of this section shall be considered as a gift or bequest to or for the use of the United States. (c) Upon the request of the Board, the Secretary of the Treasury may invest and reinvest, in securities of the United States, any moneys contained in the fund authorized in subsection (a) of this section. Income accruing from such securities, and from any other property accepted to the credit of such fund, shall be disbursed upon the order of the Board. (d) Funds not expended by the Board as of the date when it ceases Unexpended to exist, in accordance with section 5(d) of this Act, shall revert to funds. the Treasury of the United States as of such date. SEC. 9. Members of the Board who are not in the regular full-time Compensation. employ of the United States shall, while attending meetings or con- 15 USC 205h. ferences of the Board or while otherwise engaged in the business of the Board, be entitled to receive compensation at a rate not to exceed the daily rate currently being paid grade 18 of the General Schedule (under section 5332 of title 5, United States Code), including travel- 5 USC 5332 note. time. While so serving, on the business of the Board away from their Travel expenses. homes or regular places of business, members of the Board may be allowed travel expenses, including per diem in lieu of subsistence, as authorized by section 5703 of title 5, United States Code, for persons employed intermittently in the Government service. Payments under this section shall not render members of the Board employees or officials of the United States for any purpose. Members of the Board who are in the employ of the United States shall be entitled to travel expenses when traveling on the business of the Board.

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