shall redeem any obligation issued directly to the Fund. 
Obligations issued to the Fund under subsection (b)(2) 
shall be redeemed at par plus accrued interest. Any other 
obligations issued directly to the Fund shall be redeemed 
at the market price. 
(d) PROCEEDS
FROM
CERTAIN
TRANSACTIONS 
CREDITED TO FUND.—In addition to the appropriations 
received pursuant to section 14, the interest on, and the 
proceeds from the sale or redemption of, any obligations 
held in the Fund pursuant to section 11(a), shall be cred-
ited to and form a part of the Fund. 
SEC. 9. EXPENDITURES AND AUDIT OF TRUST FUND. 
(a) AUTHORIZATION OF FUNDING.—The Secretary of 
the Treasury may pay to the Foundation from the interest 
and earnings of the Fund such sums as the Board deter-
mines are necessary and appropriate to enable the Foun-
dation to carry out the purposes of this Act. 
(b) AUDITS BY GOVERNMENT ACCOUNTABILITY OF-
FICE.—The activities of the Foundation under this Act 
may be audited by the Government Accountability Office 
under such rules and regulations as may be prescribed by 
the Comptroller General. Representatives of the Govern-
ment Accountability Office shall have access to all books, 
accounts, records, reports, and files and all other papers, 
things, or property belonging to or in use by the Founda-
VerDate Nov 24 2008 
04:38 Aug 04, 2009
Jkt 079200
PO 00000
Frm 00017
Fmt 6652
Sfmt 6201
E:\BILLS\H3510.IH
H3510
tjames on DSKG8SOYB1PROD with BILLS
tion, pertaining to such activities and necessary to facili-
tate the audit. 
SEC. 10. EXECUTIVE SECRETARY OF THE FOUNDATION. 
(a) IN GENERAL.—There shall be an Executive Sec-
retary of the Foundation, who shall be the chief executive 
officer of the Foundation and shall carry out the functions 
of the Foundation, subject to the supervision and direction 
of the Board. The Executive Secretary shall carry out such 
other functions consistent with the provisions of this Act 
as the Board may delegate. 
(b) APPOINTMENT.—The Executive Secretary shall 
be appointed by the Board and shall be a member of the 
Senior Executive Service. The Executive Secretary shall 
have demonstrated significant management experience 
and shall possess a high level of expertise in the recruit-
ment and retention of personnel. 
(c) TERM
OF OFFICE.—The Executive Secretary 
shall serve for a term of 5 years, and may be reappointed. 
The Executive Secretary may be removed by a vote of 2⁄3 
of the Board membership. 
(d) COMPENSATION.—The Board shall appoint and 
fix the compensation of the Executive Secretary at a rate 
not to exceed the maximum rate for a member of the Sen-
ior Executive Service. 
VerDate Nov 24 2008 
04:38 Aug 04, 2009
Jkt 079200
PO 00000
Frm 00018
Fmt 6652
Sfmt 6201
E:\BILLS\H3510.IH
H3510
tjames on DSKG8SOYB1PROD with BILLS
SEC. 11. ADMINISTRATIVE PROVISIONS. 
(a) POWERS
OF
THE FOUNDATION.—In order to 
carry out this Act, the Foundation may— 
(1) appoint and fix the compensation of such 
personnel as may be necessary, at rates not to ex-
ceed level IV of the Executive Schedule under sec-
tion 5315 of title 5, United States Code; 
(2) procure temporary and intermittent services 
of experts and consultants as are necessary to the 
extent authorized by section 3109 of title 5, United 
States Code, but at rates not to exceed the rate for 
level IV of the Executive Schedule under section 
5315 of title 5, United States Code; 
(3) prescribe such regulations as it considers 
necessary to carry out its functions under this Act; 
(4) receive money and other property donated, 
bequeathed, or devised, without condition or restric-
tion other than that it be used for the purposes of 
the Foundation; and to use, sell, or otherwise dis-
pose of such property for the purpose of carrying 
out its functions; 
(5) accept and utilize the services of voluntary 
and non-compensated personnel and reimburse them 
for travel expenses, including per diem, as author-
ized by section 5703 of title 5, United States Code; 
VerDate Nov 24 2008 
04:38 Aug 04, 2009
Jkt 079200
PO 00000
Frm 00019
Fmt 6652
Sfmt 6201
E:\BILLS\H3510.IH
H3510
tjames on DSKG8SOYB1PROD with BILLS
(6) enter into contracts, grants, or other ar-
rangements, or modifications thereof, to carry out 
such provisions of this Act, and such contracts or 
modifications may, with the concurrence of 2⁄3 of the 
members of the Board, be entered into without per-
formance or other bonds, and without regard to sec-
tion 5 of title 41, United States Code; 
(7) rent office space in the District of Colum-
bia; and 
(8) make other necessary expenditures. 
(b) ANNUAL REPORTS.—The Foundation shall sub-
mit to the President and to the Congress an annual report 
on its operations under this Act. 
(c) CONTRACT AUTHORITY.—The Foundation may 
enter into contracts under this Act only to such extent 
or in such amounts as may be provided for in advance 
in appropriations Acts. 
SEC. 12. ADDITIONAL FUNCTIONS OF THE FOUNDATION. 
(a) IN GENERAL.—In addition to its other functions, 
the Foundation shall— 
(1) create, maintain, and promote an on-line di-
rectory of all Federal scholarship opportunities avail-
able to individuals pursuing temporary or permanent 
employment with the Federal Government; 
VerDate Nov 24 2008 
04:38 Aug 04, 2009
Jkt 079200
PO 00000
Frm 00020
Fmt 6652
Sfmt 6201
E:\BILLS\H3510.IH
H3510
tjames on DSKG8SOYB1PROD with BILLS
(2) create and maintain an online directory of 
current mission-critical occupational areas; 
(3) partner with Federal agencies to place Roo-
sevelt Scholars in positions in the Federal Govern-
ment; 
(4) to the extent practical, assist Federal agen-
cies and other Federal scholarship foundations in 
placing Federal scholarship recipients in positions in 
the Federal Government; 
(5) work with nonprofit organizations to design 
and implement mandatory extracurricular programs 
and activities that— 
(A) promote team-building and create a 
network and community for past, present, and 
future Roosevelt Scholars; 
(B) motivate Roosevelt Scholars to become 
career Federal employees; 
(C) are offered regularly during each year 
in which an individual is receiving a Roosevelt 
Scholarship, including during intervals between 
periods of enrollment; 
(D) expose Roosevelt Scholars to the busi-
ness, political, demographic, cultural, and eco-
nomic climate of the Federal Government; and 
VerDate Nov 24 2008 
04:38 Aug 04, 2009
Jkt 079200
PO 00000
Frm 00021
Fmt 6652
Sfmt 6201
E:\BILLS\H3510.IH
H3510
tjames on DSKG8SOYB1PROD with BILLS