edge and experience in one or more of the fields
of city planning, finance, real estate, and re-
source conservation. At least 3 of these individ-
uals shall reside in the city and county of San
Francisco. The President shall make the ap-
pointments referred to in this subparagraph
within 90 days after the enactment of this Act.
(2) TERMS.—Members of the Board appointed
under paragraph (1)(B) shall each serve for a term
of 4 years, except that of the members first ap-
pointed, 3 shall serve for a term of 2 years. Any va-
cancy in the Board shall be filled in the same man-
ner in which the original appointment was made,
and any member appointed to fill a vacancy shall
serve for the remainder of the term for which his or
her predecessor was appointed. No appointed direc-
tor may serve more than 8 years in consecutive
terms. No member of the Board of Directors may
have a development or financial interest in any ten-
ant or property of the Presidio.
(3) QUORUM.—Four members of the Board
shall constitute a quorum for the conduct of busi-
ness by the Board.
(4) ORGANIZATION AND COMPENSATION.—The
Board shall organize itself in such a manner as it
deems most appropriate to effectively carry out the
authorized activities of the Trust. Board members
shall serve without pay, but may be reimbursed for
the actual and necessary travel and subsistence ex-
penses incurred by them in the performance of the
duties of the Trust.
(5) LIABILITY OF DIRECTORS.—Members of the
Board of Directors shall not be considered Federal
employees by virtue of their membership on the
Board, except for purposes of the Federal Tort
Claims Act and the Ethics in Government Act.
(6) PUBLIC LIAISON.—The Board shall meet at
least 3 times per year in San Francisco and at least
one meeting shall be open to the public. The Board
shall establish procedures for providing public infor-
mation and opportunities for public comment re-
garding policy, planning, and design issues through
the Golden Gate National Recreation Area Advisory
Commission.
(d) DUTIES AND AUTHORITIES.—In accordance with
the purposes set forth in this Act and in section 1 of the
Act entitled ‘‘An Act to establish the Golden Gate Na-
tional Recreation Area in the State of California, and for
other purposes’’, approved October 27, 1972 (Public Law
92–589; 86 Stat. 1299; 16 U.S.C. 460bb), and in accord-
ance with the general objectives of the general manage-
ment plan approved for the Presidio, the Trust shall man-
age the leasing, maintenance, rehabilitation, repair and
improvement of property within the Presidio which is
under its administrative jurisdiction. The Trust may par-
ticipate in the development of programs and activities at
the properties that have been transferred to the Trust. In
exercising its powers and duties, the Trust shall have the
following authorities:
(1) The Trust is authorized to manage, lease,
maintain, rehabilitate and improve, either directly or
by agreement, those properties within the Presidio
which are transferred to the Trust by the Secretary.
(2)(A) The Trust is authorized to negotiate and
enter into such agreements, leases, contracts and
other arrangements with any person, firm, associa-
tion, organization, corporation or governmental en-
tity, including without limitation entities of Federal,
State and local governments (except any agreement
to convey fee title to any property located at the
Presidio) as are necessary and appropriate to fi-
nance and carry out its authorized activities. Agree-
ments under this paragraph may be entered into
without regard to section 321 of the Act of June 30,
1932 (40 U.S.C. 303b).