104 STAT. 1728 PUBLIC LAW 101-510—NOV. 5, 1990 intermittently in Government under sections 5701 through 5707 of title 5, United States Code. (2) A member of the Retirement Home Board or a Local Board who is a member of the Armed Forces on active duty or a full-time officer or employee of the United States shall receive no additional pay by reason of service on the Retirement Home Board or a Local Board. (i) MEETINGS. — (1) The Retirement Home Board shall meet twice a year, or at more frequent intervals, at the call of the chairman or a majority of the members. (2) The first meeting of the Retirement Home Board shall be held during the 30-day period beginning on the later of— (A) the effective date specified in section 1541(a); and (B) the date on which the last of the five members required by subsection (b) to be appointed is first appointed. 24 USC 416. SEC. 1516. DUTIES OF RETIREMENT HOME BOARD (a) OVERALL OPERATION OF THE RETIREMENT HOME. —The Retirement Home Board shall be responsible for the overall operation of the Retirement Home. As part of such responsibilities, the Retirement Home Board shall perform the following duties: (1) Issue and ensure compliance with appropriate rules for the operation of the Retirement Home. (2) Periodically visit, and inspect the operation of, the facilities of the Retirement Home. (3) Periodically examine and audit the accounts of the Retirement Home. (4) Establish such advisory bodies as the Retirement Home Board considers to be necessary. Qa) SPECIAL DUTIES OF SPECIFIC MEMBERS.—The Retirement Home Board shall assign specific members of the Retirement Home Board appointed under section 151503) to oversee the operations of each facility of the Retirement Home maintained as a separate establishment of the Retirement Home for administrative purposes. (c) ACQUISITION OF REAL PROPERTY.—The Retirement Home Board may acquire, for the benefit of the Retirement Home, property and facilities for inclusion in the Retirement Home. (d) LIMITATION ON THE DISPOSAL OF REAL PROPERTY. —(1) Real property of the Retirement Home may not be disposed of by the Retirement Home Board by sale or otherwise unless the disposal of the property is specifically authorized by law. (2) In any case in which any real property is sold by the Retirement Home Board, the Board shall deposit moneys received from the sale of the property in the Armed Forces Retirement Home Trust Fund. (e) GIFTS.— (1) The Retirement Home Board may accept gifts of money, property, and facilities on behalf of the Retirement Home. (2) Monies received as gifts, or realized from the disposition of property and facilities received as gifts, shall be deposited in the Fund. if) ANNUAL REPORT.— Not later than 90 days after the end of each fiscal year, the Retirement Home Board shall submit to the Secretary of Defense, for transmission to Congress, a report describing the financial and other affairs of the Retirement Home for that fiscal year.