this subsection for fiscal year 1976 may be appropriated in any subsequent fiscal year. THE JAPAN-UNITED STATES FRIENDSHIP COMMISSION Sec. 4. (a) There is established a commission to be known as the Japan-United States Friendship Commission (hereafter referred to as the "Commission"). The Commission shall be composed of (1) the members of the United States Panel of the Joint Committee on United States-Japan Cultural and Educational Cooperation; (2) two Members of the House of Representatives, to be appointed at the beginning of each Congress or upon the occurrence of a vacancy during a Congress by the Speaker of the House of Representatives; (3) two Members of the Senate, to be appointed at the beginning of each Congress or upon the occurrence of a vacancy during a Congress by the President pro tempore of the Senate; (4) the Chairman of the National Endowment for the Arts; and (5) the Chairman of the National Endowment for the Humanities. (b) Members of the Commission who are not full-time officers or employees of the United States and who are not Members of Congress shall, while serving on business of the Commission, be entitled to receive compensation at rates fixed by the President, but not exceeding the rate specified at the time of such service for grade GS-18 in section 5332 of title 5, United States Code, including traveltime; and while so serving away from their homes or regular places of business, all members of the Commission may be allowed travel expenses including per diem in lieu of subsistence, as authorized by section 5703 of title 5, United States Code, for persons in Government service employed intermittently. (c) The Chairman of the United States Panel of the Joint Committee on United States-Japan Cultural and Educational Cooperation shall be the Chairman of the Commission. A majority of the members of the Commission shall constitute a quorum. The Commission shall meet at least twice in each year. FUNCTIONS OF THE COMMISSION Sec. 5. (a) The Commission is authorized to (1) develop and carry out programs at public or private institutions for the promotion of scholarly, cultural, and artistic activities in Japan and the United States consistent with the provisions of section 3(b) of this Act; and (2) make grants to carry out such programs. (b) The Commission shall submit to the President and to the Congress an annual report of its activities under this Act together with such recommendations as the Commission determines appropriate. ADMINISTRATIVE PROVISIONS Sec. 6. In order to carry out its functions under this Act, the Commission is authorized to (1) prescribe such regulations as it deems necessary governing the manner in which its functions shall be carried out; (2) receive money and property donated, bequeathed, or devised, without condition or restriction other than that it be used for the purposes of this Act; and to use, sell, or otherwise dispose of such property (including transfer to the Fund) for the purpose of carrying out the purposes of this Act, and any such donation shall be exempt from any Federal income, State, or gift tax; (3) in the discretion of the Commission, receive (and use, sell, or otherwise dispose of, in accordance with paragraph (2)) money and other property donated, bequeathed, or devised to the Commission with a condition or restriction, including a condition that the Commission use other funds of the Commission for the purposes of the gift, and any such donation shall be exempt from any Federal income, State, or gift tax; (4) direct the Secretary of the Treasury to make expenditure of the income of the Fund, any amount of the contributions deposited in the Fund from nonappropriated sources pursuant to paragraph (2) or (3) of this section, and not to exceed 5 percent annually of the principal of the total amount appropriated to the Fund to carry out the purposes of this Act, including the payment of Commission expenses if needed, except that any amounts expended from amounts appropriated to the Fund under section 3(e)(1) of this Act shall be expended in Japan; (5) appoint an Executive Director, without regard to the provisions of title 5, United States Code, governing appointments in the competitive service, who shall be compensated at the rate provided for a GS-18 of the General Schedule of such title; (6) obtain the services of experts and consultants in accordance with the provisions of section 3109 of title 5, United States Code, at rates for individuals not to exceed the rate specified at the time of such service for grade GS-18 in section 5332 of title 5, United States Code; (7) accept and utilize the services of voluntary and noncompensated personnel and reimburse them for travel expenses, including per diem, as authorized by section 5703 of title 5, United States Code; (8) enter into contracts, grants, or other arrangements, or modifications thereof; (9) make advances, progress, and other payments which the Commission deems necessary under this Act; (10) obtain such administrative support services and personnel as the Commission deems necessary and appropriate to its needs; and (11) transmit its official mail as penalty mail in the same manner and upon the same conditions as an officer of the The words to this point beginning with ", any amount of the contributions deposited... were substituted in lieu of the words "and not to exceed 5 per centum annually of the principal of the Fund" by sec. 503(a) of Public Law 97-241 (96 Stat. 298). Sec. 401(1) of the Foreign Relations Authorization Act, Fiscal Year 1977 struck out the words "from the Secretary of State, on a reimbursable basis," which had formerly appeared at this point. 'Par. (11) was added by sec. 703 of Public Law 95-426 (92 Stat. 992). United States other than a Member of Congress is permitted to transmit official mail as penalty mail under section 3202 of title 39 of the United States Code. MANAGEMENT OF THE FUND Sec. 7. (a) The Fund shall consist of (1) amounts appropriated under section 3(d) and (e)(1) of this Act; (2) any other amcunts received by the Fund by way of gifts and donations; and (3) interest and proceeds credited to it under subsection (b) of this section. (b) It shall be the duty of the Secretary of the Treasury (hereafter referred to as the "Secretary") to invest such portion of the Fund as is not, in the judgment of the Commission, required to meet current withdrawals. Such investment of amounts authorized to be appropriated under section 3(d) of this Act may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. For such purposes, the obligations may be acquired (1) on original issue at the issue price, or (2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under the Second Liberty Bond Act, as amended, are hereby extended to authorize the issuance at par of special obligations exclusively to the Fund. Such special obligations shall bear interest at a rate equal to the average rate of interest, computed as to the end of the calendar month next preceding the date of such issue, borne by all marketable interestbearing obligations of the United States issued during the preceding two years then forming part of the public debt; except that where such average rate is not a multiple of one-eighth of 1 per centum, the rate of interest of such special obligations shall be the multiple of one-eighth of 1 per centum next lower than such average rate. Such special obligations shall be issued only if the Secretary determines that the purchase of other interest-bearing obligations of the United States, or of obligations guaranteed as to both principal and interest by the United States on original issue or at the market price, is not in the public interest. (c) Any obligation acquired by the Fund (except special obligations issued exclusively to the Fund) may be sold by the Secretary at the market price, and such special obligations may be redeemed at par plus accrued interest. (d) The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund. (e) In accordance with section 6(4) of this Act, the Secretary shall pay out of the Fund such amounts, including expenses of the Commission, as the Commission considers necessary to carry out the provisions of this Act; except that amounts in the Fund, other than amounts which have been appropriated and amounts received (in Sec. 401(3)B) of the Foreign Relations Authorization Act, Fiscal Year 1977 added the words "of amounts authorized to be appropriated under sec. 3(d) of this Act". cluding amounts earned as interest on, and proceeds from the sale or redemption of, obligations purchased with amounts received) 10 by the Commission pursuant to sections 6(2) and 6(3), shall be subject to the appropriation process. NOTE.-The Department of State and Related Agencies JAPAN-UNITED STATES FRIENDSHIP COMMISSION JAPAN-UNITED STATES FRIENDSHIP TRUST FUND For expenses of the Japan-United States Friendship Commission as authorized by Public Law 94-118, as amended, from the interest earned on the Japan-United States Friendship Trust Fund, $1,600,000, to remain available until expended; and an amount of Japanese currency not to exceed the equivalent of $1,200,000 based on exchange rates at the time of payment of such amounts, to remain available until expended: Provided, That not to exceed a total of $2,500 of such amounts shall be available for official reception and representation expenses. 10 The parenthetical phrase was added by sec. 503(b) of Public Law 97-241 (96 Stat. 298). 8. Exchange of Materials and Objects a. Executive Order 11311, October 14, 1966, 31 F.R. 13413, 3 CFR, 1966-70 Comp., p. 593 Carrying Out Provisions of the Beirut Agreement of 1949 Relating to Audio-Visual Materials By virtue of the authority vested in me as President of the United States, including the provisions of the Joint Resolution of October 8, 1966, Public Law 89-634, and section 301 of Title 3 of the United States Code, I hereby order and proclaim that 1. Pursuant to section 3(b) of the Joint Resolution, the amendments to the Tariff Schedules of the United States made by section 3(a) of the Joint Resolution shall apply with respect to articles entered, or withdrawn from warehouse, for consumption, on and after January 1, 1967. 2. Pursuant to the "Agreement for Facilitating the International Circulation of Visual and Auditory Materials of an Educational, Scientific and Cultural Character", made at Beirut in 1948, the Joint Resolution, and headnote 1 to schedule 8, part 6 of the Tariff Schedules of the United States, the United States Information Agency is hereby designated as the agency to carry out the provisions of the Agreement and related protocol, and to make any determinations and to prescribe any regulations required by headnote 1. (1181) |