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LegalText 20 U.S.C. § 4512 President and Executive Secretary of Foundation us united_states_code code_section 20 EDUCATION 57 JAMES MADISON MEMORIAL FELLOWSHIP PROGRAM 4512 20 U.S.C. § 4512 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc20@119-100.zip /us/usc/t20/s4512 data/legal/raw/us/code/title-20/usc20.xml f25c6581ae87373a020361782375df7f503c6ad47d1bf7dc3c69c5c31ff536e1 6022872c5d6a3398d1728f82f8cefcb58db9f5ff548e2a636450be1e4a8bb052 a1271e23caa43ac32d79da7f3fb9c1cab505ec658f5878f8bdd5666ca82bb8bf 2026-07-04 official
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20 U.S.C. § 4512 - President and Executive Secretary of Foundation

Text

(a) (1) The Board may appoint a President of the Foundation to serve full-time or part-time and for such a term as the Board shall determine.

(2) The President shall carry out such of the functions and duties of the Foundation as the Board may determine, subject to the supervision and direction of the Board.

(3) The President shall be compensated at a rate to be determined by the Board without regard to subchapter III of chapter 53 of title 5, not to exceed the rate for level III of the Executive Schedule under section 5314 of that title.

(4) Sections 5532,11 See References in Text note below. 8344, and 8468 of title 5 shall not apply to a person while such person is serving as President of the Foundation.

(b) (1) There shall be an Executive Secretary of the Foundation who shall be appointed by the Board.

(2) The Executive Secretary shall be the chief operating officer of the Foundation and shall carry out the functions of the Foundation subject to the supervision and direction of the Board or the President, as determined by the Board.

(3) The Executive Secretary shall be compensated at the rate specified for employees placed in grade GS18 of the General Schedule set forth in section 5332 of title 5.

(Pub. L. 99500, § 101(b) [title VIII, § 813], Oct. 18, 1986, 100 Stat. 178339, 178380, and Pub. L. 99591, § 101(b) [title VIII, § 813], Oct. 30, 1986, 100 Stat. 334139, 334180; Pub. L. 101208, § 2, Dec. 7, 1989, 103 Stat. 1836; Pub. L. 101557, title V, § 501, Nov. 15, 1990, 104 Stat. 2771; Pub. L. 101589, title II, § 253, Nov. 16, 1990, 104 Stat. 2895.)

Notes

Editorial Notes

References in TextSection 5532 of title 5, referred to in subsec. (a)(4), was repealed by Pub. L. 10665, div. A, title VI, § 651(a)(1), Oct. 5, 1999, 113 Stat. 664.

Codification Pub. L. 99591 is a corrected version of Pub. L. 99500.

Amendments1990—Subsec. (a)(4). Pub. L. 101557 and Pub. L. 101589 amended par. (4) identically, striking out at end “The first sentence of this paragraph shall not, in the case of any individual, apply longer than December 31, 1990.” 1989—Pub. L. 101208 amended section generally. Prior to amendment, section read as follows: “(a) There shall be an Executive Secretary of the Foundation who shall be appointed by the Board. The Executive Secretary shall be the chief executive officer of the Foundation and shall carry out the functions of the Foundation subject to the supervision and direction of the Board. “(b) The Executive Secretary of the Foundation shall be compensated at the rate specified for employees placed in grade GS18 of the General Schedule set forth in section 5332 of title 5.”

Statutory Notes and Related Subsidiaries

References in Other Laws to GS16, 17, or 18 Pay RatesReferences in laws to the rates of pay for GS16, 17, or 18, or to maximum rates of pay under the General Schedule, to be considered references to rates payable under specified sections of Title 5, Government Organization and Employees, see section 529 [title I, § 101(c)(1)] of Pub. L. 101509, set out in a note under section 5376 of Title 5.