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§ 4703. —  Establishment of Barry Goldwater Scholarship and Excellence in Education Foundation.



[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 20USC4703]

 
                           TITLE 20--EDUCATION
 
  CHAPTER 59--BARRY GOLDWATER SCHOLARSHIP AND EXCELLENCE IN EDUCATION 
                                 PROGRAM
 
Sec. 4703. Establishment of Barry Goldwater Scholarship and 
        Excellence in Education Foundation
        

(a) Establishment

    There is established, as an independent establishment of the 
executive branch of the United States Government, the Barry Goldwater 
Scholarship and Excellence in Education Foundation.

(b) Board of Trustees

    The Foundation shall be subject to the supervision and direction of 
the Board of Trustees. The Board shall be composed of 13 members, as 
follows:
        (1) Two members from the Senate, one appointed by the majority 
    leader and one appointed by the minority leader of the Senate.
        (2) Two members from the House of Representatives, one appointed 
    by the majority leader and one appointed by the minority leader of 
    the House of Representatives.
        (3) Eight members, not more than four of whom shall be of the 
    same political party, to be appointed by the President, by and with 
    the advice and consent of the Senate.
        (4) The Secretary of Education, or his designee, who shall serve 
    ex officio as a member of the Board but shall not be eligible to 
    serve as Chairman.

(c) Term of office

    (1) The term of office of each member of the Board shall be six 
years, except that--
        (A) the members first taking office shall serve as designated by 
    the President, four for terms of two years, five for terms of four 
    years, and four for terms of six years;
        (B) a member appointed to fill a vacancy shall serve for the 
    remainder of the term for which his predecessor was appointed and 
    shall be appointed in the same manner as the original appointment 
    for that vacancy was made; and
        (C) notwithstanding the term limitation provided for under this 
    paragraph, a member appointed under subsection (b) of this section 
    may continue to serve under such appointment until the successor to 
    the member is appointed.

    (2) A Member of Congress appointed to the Board under clause (1) or 
(2) of subsection (b) of this section may not serve as a member of the 
Board for more than a total of six years.

(d) Travel and subsistence pay

    Members of the Board shall serve without pay, but shall be entitled 
to reimbursement for travel, subsistence, and other necessary expenses 
incurred in the performance of their duties.

(Pub. L. 99-661, div. A, title XIV, Sec. 1404, Nov. 14, 1986, 100 Stat. 
4008; Pub. L. 100-26, Sec. 3(10), Apr. 21, 1987, 101 Stat. 274; Pub. L. 
102-190, div. A, title X, Sec. 1089(1), Dec. 5, 1991, 105 Stat. 1485; 
Pub. L. 103-160, div. A, title XI, Sec. 1179(a), Nov. 30, 1993, 107 
Stat. 1770.)


                               Amendments

    1993--Subsec. (c)(1)(C). Pub. L. 103-160 added subpar. (C).
    1991--Subsec. (b)(3). Pub. L. 102-190 struck out before period at 
end ``, at least one of whom shall be a representative of the aerospace 
industry and at least one of whom shall be a representative of a private 
foundation concerned with aerospace education''.
    1987--Subsec. (c)(2). Pub. L. 100-26 substituted ``clause (1) or 
(2)'' for ``clause (2) or (3)''.


                    Effective Date of 1987 Amendment

    Amendment by Pub. L. 100-26 applicable as if included in Pub. L. 99-
661 when enacted on Nov. 14, 1986, see section 12(a) of Pub. L. 100-26, 
set out as a note under section 776 of Title 10, Armed Forces.

                  Section Referred to in Other Sections

    This section is referred to in section 4702 of this title.



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