§ 151304. Officers and employees
329 words·~1 min read·
/usc/title-36/section-151304A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Appointment.— The board of directors may appoint officers or employees, but only after the corporation has sufficient funds to pay for their services.
(b)Status and Compensation.— Officers and employees of the corporation—
(1)shall not be considered employees of the United States Government;
(2)shall be appointed without regard to the provisions of title 5 governing appointments in the competitive service; and
(3)may be paid without regard to chapter 51 and subchapter III of chapter 53 of title 5, except that an officer or employee may not be paid more than 15 percent above the annual rate of basic pay for level GS–15 of the General Schedule under section 5107 of title 5.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1400; Pub. L. 106–503, title I, § 113(c), Nov. 13, 2000, 114 Stat. 2304; Pub. L. 108–169, title II, § 206(b), Dec. 6, 2003, 117 Stat. 2040.)
Subsection
(a)is substituted for the source provisions for clarity.
In subsection (b)(3), the words “relating to classification and General Schedule pay rates” are omitted as unnecessary.
Connections1 cite this · traces to 3
Cited by 1 section
Traces to 3 documents
14 references not yet in our index
- Pub. L. 105–225
- 112 Stat. 1400
- Pub. L. 106–503, title I, § 113(c)
- 114 Stat. 2304
- Pub. L. 108–169, title II, § 206(b)
- 117 Stat. 2040
- Pub. L. 105–276, title IV, § 427(b)
- 112 Stat. 2511
- section 5(a) of Pub. L. 105–225
- section 113(c)(1) of Pub. L. 106–503
- Pub. L. 105–276
- Pub. L. 108–169
- Pub. L. 106–503, § 113(c)(1)
- Pub. L. 106–503, § 113(c)(2)
Citation graph
cites case law
§ 151304
Officers and employees
Stat.×1
Pub. L.Pub. L. 105–225
Stat.112 Stat. 1400
Pub. L.Pub. L. 106–503, title I, § 113(c)
Stat.114 Stat. 2304
Pub. L.Pub. L. 108–169, title II, § 206(b)
Cites 17 · showing 8Cited by 1 across 1 source