[Federal Register Volume 62, Number 239 (Friday, December 12, 1997)]
[Notices]
[Pages 65406-65408]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32544]
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DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
Bylaws Of Corporation
The Bylaws of the Commodity Credit Corporation, amended November 3,
1997, are as follows:
Offices
1. The principal office of the Corporation shall be in the City of
Washington, District of Columbia, and the Corporation shall also have
offices at such other places as it may deem necessary or desirable in
the conduct of its business.
Seal
2. There is impressed below the official seal which is hereby
adopted for the Corporation. The seal may be used by causing it or its
facsimile to be impressed, affixed, or reproduced.
[GRAPHIC] [TIFF OMITTED] TN12DE97.002
Meetings Of The Board
3. Meetings of the Board of Directors (Board) shall be held,
whenever necessary, at the U.S. Department of Agriculture in the City
of Washington, D.C. All meetings of the Board shall be held in
accordance with provisions of the Government in the Sunshine Act (5
U.S.C. 552b). Meetings of the Board may be called at any time by the
Chairman, the Vice Chairman, or the President. The Executive Vice
President may call a meeting at the written request of any five
Members. Notice of meetings shall be given either orally or in writing.
Any Member may waive in writing any notice of a meeting, whether before
or after the time of the meeting, and the presence of a Member at any
meeting shall constitute a waiver of notice of such meeting. Any and
all business may be transacted at any meeting unless otherwise
indicated in the notice thereof.
4. The Secretary of Agriculture shall serve as Chairman of the
Board. The Deputy Secretary of Agriculture shall serve as Vice Chairman
of the Board and, in the absence or unavailability of the Chairman,
shall preside at meetings of the Board. In the absence or
unavailability of the Chairman and the Vice Chairman, the President of
the Corporation shall preside at meetings of the Board. In the absence
or unavailability of the Chairman, the Vice Chairman, and the
President, the Members present at the meeting shall designate a
Presiding Officer.
5. At any meeting of the Board a quorum shall consist of five
Members. The act of a majority of the Members present at any meeting at
which there is a quorum shall be the act of the Board.
6. The General Counsel of the Department of Agriculture, whose
office shall perform all legal work of the Corporation, and the
Associate General Counsel for International Affairs, Commodity Programs
and Food Assistance Programs, shall serve as General Counsel and
Associate General Counsel of the Corporation, respectively.
Compensation of Board Members
7. The compensation of each Member shall be prescribed by the
Secretary of Agriculture. Any Member who holds another office or
position within the Federal Government shall receive compensation at
the rate provided for such other office or position in lieu of
compensation as a Member.
Officers
8. The officers of the Corporation shall be: a President; an
Executive Vice President; Vice Presidents; Deputy Vice Presidents; a
Secretary; a Deputy Secretary; an Assistant Secretary; a Controller; a
Treasurer; a Chief Accountant; and such additional
[[Page 65407]]
officers as the Secretary of Agriculture may appoint.
9. The Under Secretary of Agriculture for Farm and Foreign
Agricultural Services shall be the ex officio President of the
Corporation.
10. The following officials of the Farm Service Agency (FSA), the
Foreign Agricultural Service (FAS), the Food and Consumer Service
(FCS), the Natural Resources Conservation Service (NRCS), and the
Agricultural Marketing Service (AMS) shall be ex officio officers of
the Corporation:
Administrator, FSA........................ Executive Vice President.
Administrator, AMS........................ Vice President.
Administrator, FAS........................ Vice President.
Administrator, FCS........................ Vice President.
Chief, NRCS............................... Vice President.
General Sales Manager, FAS................ Vice President.
Associate Administrator, FSA.............. Vice President.
Deputy Administrator, Commodity Deputy Vice President.
Operations, FSA.
Deputy Administrator, Management, FSA..... Deputy Vice President.
Deputy Administrator, Farm Programs, FSA.. Deputy Vice President.
Director, Economic and Policy Analysis Deputy Vice Pesident.
Staff, FSA.
Associate Chief, NRCS..................... Deputy Vice President.
Deputy Chief, Natural Resources Deputy Vice President.
Conservation Programs, NRCS.
Deputy Chief, Management and Strategic Deputy Vice President.
Planning, NRCS.
Executive Assistant to the Administrator, Secretary.
FSA.
Office of the Administrator, FSA.......... Deputy Secretary.
Office of the Administrator, FSA.......... Assistant Secretary.
Director, Financial Management Division, Controller.
FSA.
Deputy Director, Financial Management Treasurer.
Division,FSA.
Chief, Financial Accounting and Reporting Chief Accountant.
Branch, Financial Management Division,
FSA.
The person occupying, in an acting capacity, any position listed in
this paragraph shall, during occupancy of such position, act as the
corresponding officer of the Corporation.
11. Officers who do not hold office ex officio shall be appointed
by the Secretary of Agriculture and shall hold office until their
respective appointments shall have been terminated.
The President
12. The President shall have general supervision and direction of
the Corporation, its officers and employees.
The Vice Presidents
13. (a) The Executive Vice President shall be the chief executive
officer of the Corporation. Except as provided in paragraphs (b), (c),
(d), (e), and (f) below, the Executive Vice President shall have
general supervision and direction of: the preparation of policies and
programs for submission to the Board; the administration of the
policies and programs approved by the Board; and the day-to-day conduct
of the business of the Corporation and its officers and employees.
(b) The Vice President who is the Administrator, FAS, shall be
responsible for preparation for submission by the Executive Vice
President to the Board of those policies and programs of the
Corporation which are for performance through the facilities and
personnel of FAS. This Vice President shall have responsibility for the
administration of those operations of the Corporation, under policies
and programs approved by the Board, which are carried out through
facilities and personnel of FAS, and shall perform such special duties
and exercise such powers as may be prescribed, from time to time, by
the Secretary of Agriculture, the Board, or the President of the
Corporation.
(c) The Vice President who is the Administrator, AMS, shall be
responsible for the administration of those operations of the
Corporation, under policies and programs approved by the Board, which
are carried out through facilities and personnel of AMS.
This Vice President shall perform such special duties and exercise
such powers as may be prescribed, from time-to-time, by the Secretary
of Agriculture, the Board, or the President of the Corporation.
(d) The Vice President who is the General Sales Manager, FAS, shall
be responsible for preparation for submission by the Executive Vice
President to the Board of those policies and programs of the
Corporation which are for performance through the facilities and
personnel of FAS. This Vice President shall also have responsibility
for the administration of those operations of the Corporation, under
the policies and programs approved by the Board, which are carried out
through facilities and personnel of FAS, and shall perform such special
duties and exercise such powers as may be prescribed, from time-to-
time, by the Secretary of Agriculture, the Board, or the President of
the Corporation.
(e) The Vice President who is the Administrator, FCS, shall be
responsible for the administration of those operations of the
Corporation, under policies and programs approved by the Board, which
are carried out through facilities and personnel of FCS. This Vice
President shall perform such special duties and exercise such powers as
may be prescribed, from time-to-time, by the Secretary of Agriculture,
the Board, or the President of the Corporation.
(f) The Vice President who is the Chief, NRCS, shall be responsible
for preparation for submission by the Executive Vice President to the
Board of those policies and programs of the Corporation which are for
performance through the facilities and personnel of NRCS. This Vice
President shall have responsibility for the administration of those
operations of the Corporation, under policies and programs approved by
the Board, which are carried out through facilities and personnel of
NRCS, and shall perform such special duties and exercise such powers as
may be prescribed, from time-to-time, by the Secretary of Agriculture,
the Board, or the President of the Corporation.
14. The Vice President who is the Associate Administrator, FSA, and
the Deputy Vice Presidents shall assist the Executive Vice President to
such extent as the President or the Executive Vice President shall
prescribe, and shall perform such special duties and exercise such
powers as may be prescribed, from time-to-time, by the Secretary of
Agriculture, the Board, the President of the Corporation, or the
Executive Vice President of the Corporation.
The Secretary
15. The Secretary shall: attend and keep the minutes of all
meetings of the Board; serve all required notices of meetings of the
Board; sign all papers and instruments that require the Secretary's
signature; attest the authenticity of and affix the seal of the
Corporation upon any instrument requiring such action; and perform such
other duties and exercise such other powers as are commonly incidental
to the Office of Secretary as well as such other duties as may be
prescribed, from time-to-time, by the President or the Executive Vice
President.
[[Page 65408]]
The Controller
16. The Controller shall: have charge of all fiscal and accounting
affairs of the Corporation, including all borrowings and related
financial arrangements and claims activities, and perform such other
duties as may be prescribed, from time-to-time, by the President or the
Executive Vice President.
The Treasurer
17. (a) The Treasurer shall: assist the Controller in the
administration of all fiscal and accounting affairs of the Corporation,
including all borrowings and related financial arrangements and claims
activities, and perform such other duties relating to the fiscal and
accounting affairs of the Corporation as may be prescribed, from time-
to-time, by the Controller, the President, or the Executive Vice
President.
(b) The Treasurer, under the general supervision and direction of
the Controller, shall: supervise the receipt and disbursement of all
funds of the Corporation; designate qualified persons to authorize
disbursement of corporate funds; be responsible for documents relating
to the general financing operations of the Corporation; and supervise
the claims activities of the Corporation.
The Chief Accountant
18. The Chief Accountant, under the general supervision and
direction of the Controller, shall: have charge of the general
accounting books and accounts of the Corporation and the preparation of
financial statements and reports; be responsible for the issuance of
policies and practices related to accounting matters and procedures,
including those dealing with official inventories and records; and
perform such other duties relating to the fiscal and accounting affairs
of the Corporation as may be prescribed, from time-to-time, by the
Controller.
Other Officials
19. Except as otherwise authorized by the Secretary of Agriculture
or the Board, the operations of the Corporation shall be carried out
through the facilities and personnel of FSA, FAS, FCS, AMS, and NRCS in
accordance with any assignment of functions and responsibilities made
by the Secretary of Agriculture and, within the respective agency or
office, by the Administrator of FSA, FAS, FCS, or AMS, the Chief NRCS,
or the General Sales Manager, FAS.
20. The Directors of the divisions of FSA and the Directors of the
Kansas City Commodity Office and the Kansas City Management Office of
FSA shall be Contracting Officers of the Corporation and executives of
the Corporation in general charge of the activities of the Corporation
carried out through their respective divisions or offices in accordance
with these Bylaws and applicable programs, policies, and procedures.
Contracts of the Corporation
21. Contracts of the Corporation relating to any of its activities
may be executed in its name by the Secretary of Agriculture or the
President. The Vice Presidents, the Deputy Vice Presidents, the
Controller, the Treasurer, and the Directors of the divisions of FSA
and the Directors of the Kansas City Commodity Office and the Kansas
City Management Office of FSA may execute contracts relating to the
activities of the Corporation for which they are respectively
responsible.
22. The Executive Vice President and, subject to the written
approval by the Executive Vice President of each appointment, the Vice
Presidents, the Deputy Vice Presidents, the Controller, and the
Directors of the divisions of FSA and the Directors of the Kansas City
Commodity Office and the Kansas City Management Office of FSA may
appoint, by written instrument, such Contracting Officers as they deem
necessary, who may, to the extent authorized by such instrument,
execute contracts in the name of the Corporation. A copy of each such
instrument shall be filed with the Secretary of the Corporation.
23. Appointments of Contracting Officers may be revoked by written
instruction or instrument by the Executive Vice President or the
official who made the appointment. A copy of each instrument shall be
filed with the Secretary of the Corporation.
24. Employees of FSA, FAS, FCS, AMS and NRCS may execute contracts
on behalf of the Corporation as delegated to them in accordance with
applicable dockets of the Corporation, program regulations, or
delegations approved by the President or Vice Presidents of the
Corporation.
Annual report
25. The Executive Vice President shall be responsible for the
preparation of an annual report of the activities of the Corporation,
which shall be filed with the Secretary of Agriculture and with the
Board.
Amendments
26. These Bylaws may be altered, amended, or repealed by the
Secretary of Agriculture or the Board.
Approval Of Board Action
27. The actions of the Board shall be subject to the approval of
the Secretary of Agriculture.
I, Juanita B. Daniels, Acting Secretary, Commodity Credit
Corporation, do hereby certify that the above is a full, true, and
correct copy of the Bylaws of Commodity Credit Corporation, as
amended November 3, 1997.
In witness whereof I have officially subscribed my name and have
caused the corporate seal of the said Corporation to be fixed this
third day of November, 1997.
Juanita B. Daniels,
Acting Secretary, Commodity Credit Corporation.
[FR Doc. 97-32544 Filed 12-11-97; 8:45 am]
BILLING CODE 3410-05-P