§ 2405. — Executive Director and additional staff personnel; appointment and compensation; experts and consultants; employment and compensation; audits by Comptroller General.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC2405]
TITLE 12--BANKS AND BANKING
CHAPTER 25--NATIONAL COMMISSION ON ELECTRONIC FUND TRANSFERS
Sec. 2405. Executive Director and additional staff personnel;
appointment and compensation; experts and consultants;
employment and compensation; audits by Comptroller General
(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 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
(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 shall report the results of
any such audit to the Commission and to the Congress.
(Pub. L. 93-495, title II, Sec. 205, Oct. 28, 1974, 88 Stat. 1510.)
References in Text
The provisions of title 5 governing appointments in the competitive
service, referred to in subsec. (a)(1), are classified generally to
section 3301 et seq. of Title 5, Government Organization and Employees.
References in Other Laws to GS-16, 17, or 18 Pay Rates
References in laws to the rates of pay for GS-16, 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,
Sec. 101(c)(1)] of Pub. L. 101-509, set out in a note under section 5376
of Title 5.
