12 U.S.C. § 2405 — Executive Director and additional staff personnel; appointment and compensation; experts and consultants; employment and compensation; audits by Comptroller General
submitted 52 years ago by Pub. L. 93-495 to r/title-12-BANKS-AND-BANKING · 157 words · no verdicts yet
This section addresses executive director and additional staff personnel; appointment and compensation; experts and consultants; employment and compensation; audits by comptroller general. It sets out the duties, permissions, limits, and other rules stated in the section.
(a) The Commission—
(1) may appoint with the advice and consent of the Senate and fix the compensation of an Executive Director*, and such additional staff personnel as he considers necessary, without regard to the provisions of title 5 governing appointments in the competitive service, and without regard to chapter 51 and subchapter III of chapter 53 of such title relating to classification and General Schedule pay rates, but at rates not in excess of the maximum rate for GS–18 of the General Schedule under section 5332 of such title; and
(2) may procure temporary and intermittent services to the same extent as is authorized by section 3109 of title 5 , but at rates not to exceed $150 a day for individuals.
(b) The Comptroller General is authorized to make detailed audits of the books and records of the Commission, and must report the results of any such audit to the Commission and to the Congress.
The Commission—
may appoint with the advice and consent of the Senate and fix the compensation of an Executive Director*, and such additional staff personnel as he deems necessary, without regard to the provisions of title 5 governing appointments in the competitive service, and without regard to chapter 51 and subchapter III of chapter 53 of such title relating to classification and General Schedule pay rates, but at rates not in excess of the maximum rate for GS–18 of the General Schedule under section 5332 of such title; and
may procure temporary and intermittent services to the same extent as is authorized by section 3109 of title 5, but at rates not to exceed $150 a day for individuals.
The Comptroller General is authorized to make detailed audits of the books and records of the Commission, and shall report the results of any such audit to the Commission and to the Congress.
Source credit: (Pub. L. 93–495, title II, § 205, Oct. 28, 1974, 88 Stat. 1510.)
- 1974Enacted · Pub. L. 93-495 · 88 Stat. 1510
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-495 on 1974-10-28.
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