§ 286a. — Appointments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286a]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286a. Appointments
(a) Governors and executive directors; term of office
The President, by and with the advice and consent of the Senate,
shall appoint a governor of the Fund who shall also serve as a governor
of the Bank, and an executive director of the Fund and an executive
director of the Bank. The executive directors so appointed shall also
serve as provisional executive directors of the Fund and the Bank for
the purposes of the respective Articles of Agreement. The term of office
for the governor of the Fund and of the Bank shall be five years. The
term of office for the executive directors shall be two years, but the
executive directors shall remain in office until their successors have
been appointed.
(b) Alternates; term of office
The President, by and with the advice and consent of the Senate,
shall appoint an alternate for the governor of the Fund and an alternate
for the governor of the Bank. The President, by and with the advice and
consent of the Senate, shall appoint an alternate for each of the
executive directors. The alternate for each executive director shall be
appointed from among individuals recommended to the President by the
executive director. The terms of office for alternates for the governor
and the executive directors shall be the same as the terms specified in
subsection (a) of this section for the governor and executive directors.
(c) Governor to serve as councillor; alternates and associates
Should the provisions of Schedule D of the Articles of Agreement of
the Fund apply, the Governor of the Fund shall also serve as councillor,
shall designate an alternate for the councillor, and may designate
associates.
(d) Compensation for services
(1) No person shall be entitled to receive any salary or other
compensation from the United States for services as a Governor,
executive director, councillor, alternate, or associate.
(2) The United States executive director of the Fund shall not be
compensated by the Fund at a rate in excess of the rate provided for an
individual occupying a position at level IV of the Executive Schedule
under section 5315 of title 5. The United States alternate executive
director of the Fund shall not be compensated by the Fund at a rate in
excess of the rate provided for an individual occupying a position at
level V of the Executive Schedule under section 5316 of title 5.
(3) The Secretary of the Treasury shall instruct the United States
executive director of the Fund to present to the Fund's Executive Board
a comprehensive set of proposals, consistent with maintaining high
levels of competence of Fund personnel and consistent with the Articles
of Agreement, with the objective of assuring that salaries and other
compensation accorded Fund employees do not exceed those received by
persons filling similar levels of responsibility within national
government service or private industry. The Secretary shall report these
proposals together with any measures adopted by the Fund's Executive
Board to the Congress prior to February 1, 1979.
(July 31, 1945, ch. 339, Sec. 3, 59 Stat. 512; Pub. L. 93-94, Aug. 15,
1973, 87 Stat. 314; Pub. L. 94-564, Sec. 2, Oct. 19, 1976, 90 Stat.
2660; Pub. L. 95-435, Sec. 2, Oct. 10, 1978, 92 Stat. 1051.)
Amendments
1978--Subsec. (d). Pub. L. 95-435 designated existing provisions as
par. (1) and added pars. (2) and (3).
1976--Subsec. (c). Pub. L. 94-564, Sec. 2(1), amended subsec. (c)
generally to provide that the Governor serve as councillor and designate
an alternate and associates. Former provisions relating to compensation
were included in subsec. (d).
Subsec. (d). Pub. L. 94-564, Sec. 2(2), added subsec. (d).
1973--Subsec. (b). Pub. L. 93-94 substituted ``and an alternate for
the governor of the Bank'' for ``who shall also serve as alternate for
the governor of the Bank''.
Effective Date of 1976 Amendment
Section 9 of Pub. L. 94-564 provided that: ``The amendments made by
sections 2, 3, 4, 5, 6, and 7 of this Act [amending this section,
sections 286c, 286e-2, 286o, 286q, and 286r of this title, and section
822a of former Title 31, Money and Finance] shall become effective upon
the entry into force of the amendments to the Articles of Agreement of
the International Monetary Fund approved in Resolution Numbered 31-4 of
the Board of Governors of the Fund.'' Such amendments entered into force
Apr. 1, 1978.
Levels of Fund Salaries and Minimization of Travel Costs
Pub. L. 96-389, Sec. 9, Oct. 7, 1980, 94 Stat. 1554, provided that:
``The United States Executive Director to the Fund shall seek to insure
(a) that Fund salaries do not exceed those levels endorsed by the Fund
Bank Joint Committee on Staff Compensation Issues; and (b) that travel
costs are minimized by limiting first class and supersonic travel to
instances where no reasonable alternative exists.''
Section Referred to in Other Sections
This section is referred to in sections 282a, 284a, 290k-1, 290o-1
of this title.
