 
         CHAPTER 67--CHRISTOPHER COLUMBUS FELLOWSHIP FOUNDATION
 
Sec. 5702. Christopher Columbus Fellowship Foundation


(a) Establishment and purposes

    There is established, as an independent establishment of the 
executive branch, the Christopher Columbus Fellowship Foundation 
(hereinafter in this chapter referred to as the ``Foundation'').

(b) Membership

    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) 2 members appointed by the President in consultation with 
    the President pro tempore of the Senate.
        (2) 2 members appointed by the President in consultation with 
    the Minority Leader of the Senate.
        (3) 2 members appointed by the President in consultation with 
    the Speaker of the House of Representatives.
        (4) 2 members appointed by the President in consultation with 
    the Minority Leader of the House of Representatives.
        (5) 5 members appointed by the President.

(c) Chairman and Vice Chairman of Foundation

    The President shall designate a Chairman and a Vice Chairman from 
among the members appointed by the President.

(d) Terms of office; vacancies

    Each member of the Board of Trustees appointed under subsection (b) 
of this section shall serve for a term of 6 years from the expiration of 
the term of such member's predecessor, except that--
        (1) any member appointed to fill a vacancy occurring prior to 
    the expiration of the term for which such member's predecessor was 
    appointed shall be appointed for the remainder of such term; and
        (2) of the members first appointed--
            (A) 4 shall be appointed for a term of 2 years;
            (B) 5 shall be appointed for a term of 4 years; and
            (C) 4 shall be appointed for a term of 6 years,

    as designated by the President.

(e) Expenses; no additional compensation

    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 as members of the Board.

(Pub. L. 102-281, title IV, Sec. 423, May 13, 1992, 106 Stat. 142.)
