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gation shall bear interest a a rate equal to the average rate of interest, computed as to the end of the calendar month next preceding the date of such issue, borne by all marketable interest-bearing obligations of the United States then forming a part of the public debt; except that where such average rate is not a multiple of oneeighth of 1 per centum, the rate of interest of such special obligations shall be the multiple of one-eight of 1 per centum next lower than such average rate. Such special obligations shall be issued only if the Secretary determines that the purchase of other interest-bearing obligations of the United States, or of obligations guaranteed as to both principal and interest by the United States or original issue or at the market price, is not in the public interest.
(c) Any obligation acquired by the fund (except special obligations issued exclusively to the fund) may be sold by the Secretary at the market price, and such special obligations may be redeemed at par plus accrued interest.
(d) The interest on, and the proceeds from the sale or redemption of, any obligations held in the fund shall be credited to and form a part of the fund.
EXPENDITURES FROM THE FUND
SEC. 11. (20 U.S.C. 2010) (a) The Secretary is authorized to pay to the Foundation from the interest and earnings of the fund such sums as the Board determines are necessary and appropriate to enable the Foundation to carry out the purposes of the Act.
(b) The activities of the Foundation under this Act may be audited by the General Accounting Office under such rules and regulations as may be prescribed by the Comptroller General of the United States. The representatives of the General Accounting Office shall have access to all books, accounts, records, reports, and files and all other papers, things, or property belonging to or in use by the Foundation, pertaining to such activities and necessary to facilitate the audit.
EXECUTIVE SECRETARY SEC. 12. (20 U.S.C 2011) (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. The Executive Secretary shall carry out such other functions consistent with the provisions of this Act as the Board shall delegate.
(b) The Executive Secretary of the Foundation shall be compensated at the rate specified for employees placed in grade 18 of the General Schedule set forth in section 5332 of title 5, United States Code.
SEC. 13. [20 U.S.C. 2012) (a) In order to carry out the provisions of this Act, the Foundation is authorized to
(1) appoint and fix the compensation of such personnel as may be necessary to carry out the provisions of this Act, except that in no case shall employees other than the Executive Sec
retary be compensated at a rate to exceed the rate provided for employees in grade 15 of the General Schedule set forth in section 5332 of title 5, United States Code;
(2) procure temporary and intermittent services of experts and consultants as are necessary to the extent authorized by section 3109 of title 5, United States Code, but at rates not to exceed the rate specified at the time of such service for grade GS-18 in section 5332 of such title;
(3) prescribe such regulations as it deems necessary governing the manner in which its functions shall be carried out;
(4) receive money and other property donated, bequeathed, or devised, without condition or restriction other than it be used for the purposes of the Foundation; and to use, sell, or otherwise dispose of such property for the purpose of carrying out its functions;
(5) accept and utilize the services of voluntary and noncompensated personnel and reimburse them for travel expenses, including per diem, as authorized by section 5703 of title 5, United States Code;
(6) enter into contracts, grants, or other arrangements, or modifications thereof, to carry out the provisions of this Act, and such contracts or modifications thereof may, with the concurrence of two-thirds of the members of the Board, be entered into without performance or other bonds, and without regard to section 3709 of the Revised Statutes, as amended (41 U.S.C. 5);
(7) make advances, progress, and other payments which the Board deems necessary under this Act without regard to the provisions of section 3648 of the Revised Statutes, as amended (31 U.S.C. 529);
(8) rent office space in the District of Columbia; and
(9) make other necessary expenditures. (b) The Foundation shall submit to the President and to the Congress an annual report of its operations under this Act.
APPROPRIATIONS AUTHORIZED SEC. 14. [20 U.S.C. 2013] There are authorized to be appropriated $30,000,000 to the fund.
54-553 99 - 19
Human Rights, Refugee, and Other Foreign Relations
Provisions Act of 1996
AN ACT Making certain provisions with respect to internationally recognized
human rights, refugees, and foreign relations.
SECTION 1. SHORT TITLE.
This Act may be cited as the "Human Rights, Refugee, and Other Foreign Relations Provisions Act of 1996".
TITLE III-CLAIBORNE PELL INSTITUTE
FOR INTERNATIONAL RELATIONS AND PUBLIC POLICY
SEC. 301. SHORT TITLE.
This title may be cited as the "Claiborne Pell Institute for International Relations and Public Policy Act”. SEC. 302. GRANT AUTHORIZED.
In recognition of the public service of Senator Claiborne Pell, the Secretary of Education is authorized to award a grant, in accordance with the provisions of this title, to assist in the establishment and operation of the Claiborne Pell Institute for International Relations and Public Policy, located at Salve Regina University, Newport, Rhode Island, including the purchase and renovation of facilities to house the Institute. SEC. 303. AUTHORIZATION OF APPROPRIATIONS.
There are authorized to be appropriated for fiscal year 1997 such sums, not to exceed $3,000,000, as may be necessary to carry out this title. SEC. 304. EFFECTIVE DATE.
This title shall take effect on the date of enactment of this Act.
TITLE IV-GEORGE BUSH SCHOOL OF GOVERNMENT AND PUBLIC SERVICE
SEC. 401. SHORT TITLE.
This title may be cited as the "George Bush School of Government and Public Service Act”. SEC. 402. GRANT AUTHORIZED.
In recognition of the public service of President George Bush, the Secretary of Education is authorized to make a grant in accord
EDUCATION PROVISIONS FROM FOREIGN RELATIONS PROVISIONS
ance with the provisions of this Act to assist in the establishment of the George Bush Fellowship Program, located at the George Bush School of Government and Public Service of the Texas A & M University. SEC. 403. GRANT CONDITIONS.
No payment may be made under this title except upon an application at such time, in such manner, and containing or accompanied by such information as the Secretary of Education may require. SEC. 404. APPROPRIATIONS AUTHORIZED.
There are authorized to be appropriated such sums, not to exceed $3,000,000, as may be necessary to carry out the provisions of this title. SEC. 405. EFFECTIVE DATE.
This title shall take effect on October 1, 1996.
TITLE V-MISCELLANEOUS PROVISIONS
SEC. 501. EDMUND S. MUSKIE FOUNDATION.
In recognition of the public service of Senator and Secretary of State Edmund S. Muskie, the Secretary of Education is authorized to award a grant in accordance with the provisions of this Act to assist in the establishment of the Edmund S. Muskie Foundation, located in Washington, D.C., by providing assistance to support the Foundation, including assistance to be used for awarding stewardships, supporting the Muskie archives, and supporting the Edmund S. Muskie Institute of Public Affairs. SEC. 502. CALVIN COOLIDGE MEMORIAL FOUNDATION GRANT. (a) DEFINITIONS. In this section:
(1) FOUNDATION.—The term "Foundation" means the Calvin Coolidge Memorial Foundation. (2) SECRETARY.—The term "Secretary" means the Sec
” retary of Education.
(b) GRANT AUTHORIZED.—The Secretary is authorized to make a grant in the amount of $1,000,000 in accordance with the provisions of this section to the Foundation. (c) GRANT CONDITIONS.
(1) APPLICATION.—No payment may be made under this section except upon an application at such time, in such manner, and containing or accompanied by such information as the Secretary may require.
(2) USE OF GRANT FUNDS.—Funds received under this section may be used for any of the following purposes:
(A) To increase the endowment of the Foundation.
(B) To conduct educational, archival, or preservation activities of the Foundation. (d) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated to the Secretary $1,000,000, without fiscal year limitation, to carry out the provisions of this section.
(e) EFFECTIVE DATE.-This section shall take effect on October 1, 1996.