View all text of Part B [§ 17351 - § 17357]
§ 17355. Powers of the Foundation; related provisions
(a) Powers
The Foundation—
(1) shall have perpetual succession unless dissolved by a law enacted after December 19, 2007;
(2) may adopt, alter, and use a seal, which shall be judicially noticed;
(3) may make and perform such contracts, grants, and other agreements with any person or government however designated and wherever situated, as may be necessary for carrying out the functions of the Foundation;
(4) may determine and prescribe the manner in which its obligations shall be incurred and its expenses allowed and paid, including expenses for representation;
(5) may lease, purchase, or otherwise acquire, improve, and use such real property wherever situated, as may be necessary for carrying out the functions of the Foundation;
(6) may accept money, funds, services, or property (real, personal, or mixed), tangible or intangible, made available by gift, bequest 1
1 So in original. A comma probably should appear.
grant, or otherwise for the purpose of carrying out the provisions of this subchapter from domestic or foreign private individuals, charities, nongovernmental organizations, corporations, or governments;(7) may use the United States mails in the same manner and on the same conditions as the executive departments;
(8) may contract with individuals for personal services, who shall not be considered Federal employees for any provision of law administered by the Office of Personnel Management;
(9) may hire or obtain passenger motor vehicles; and
(10) shall have such other powers as may be necessary and incident to carrying out this part.
(b) Principal office
(c) Applicability of Government Corporation Control Act
(1) In general
(2) Omitted
(d) Inspector General
(1) In general
(2) Authority of the Board
(3) Reimbursement and authorization of services
(A) Reimbursement
(B) Authorization for services
(Pub. L. 110–140, title IX, § 925, Dec. 19, 2007, 121 Stat. 1736.)