106 STAT. 142 PUBLIC LAW 102-281—MAY 13, 1992 Christopher Columbus Fellowship Act. 20 USC 5701 note. 20 USC 5701. 20 USC 5702. President. (b) CONTENTS OF REPORT.—Each report submitted pursuant to subsection (a) shall include a review of all marketing activities under section 406 and a financial statement which details sources of funds, surcharges generated, and expenses incurred for manufacturing, materials, overhead, packaging, marketing, and shipping. Subtitle B—Christopher Columbus Fellowship Foundation SEC. 421. SHORT TITLE. This subtitle may be cited as the "Christopher Columbus Fellowship Act". SEC. 422. PURPOSE. The purpose of this subtitle is to establish the Christopher Columbus Fellowship Program to encourage and support research, study, and labor designed to produce new discoveries in all fields of endeavor for the benefit of meinkind. SEC. 423. 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 subtitle 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 THE 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) 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.
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