[Federal Register Volume 61, Number 63 (Monday, April 1, 1996)]
[Notices]
[Pages 14285-14287]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-7808]
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Notices
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains documents other than rules
or proposed rules that are applicable to the public. Notices of hearings
and investigations, committee meetings, agency decisions and rulings,
delegations of authority, filing of petitions and applications and agency
statements of organization and functions are examples of documents
appearing in this section.
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Federal Register / Vol. 61, No. 63 / Monday, April 1, 1996 /
Notices
[[Page 14285]]
DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
Bylaws of Corporation
The Bylaws of the Commodity Credit Corporation, amended February 5,
1996, 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. Said seal may be used by causing it or a
facsimile thereof to be impressed or affixed or reproduced.
[GRAPHIC] [TIFF OMITTED] TN01AP96.007
Meetings of the Board
3. Regular meetings of the Board shall be held, whenever necessary,
in the Board meeting room in the U.S. Department of Agriculture in the
City of Washington, D.C. Notice of such meetings shall be provided in
the same manner as is specified for special meetings in Paragraph 4. No
regular meetings of the Board shall be held except in accordance with
provisions of the Government in the Sunshine Act (5 U.S.C. 552b).
4. Special meetings of the Board may be called at any time by the
Chairman, the Vice Chairman, or by the President, or the Executive Vice
President and shall be called by the Chairman, the Vice Chairman, the
President, or the Executive Vice at the written request of any five
Members. Notice of special meetings shall be given either personally or
by mail (including intradepartmental mail channels of the Department of
Agriculture or interdepartmental mail channels of the Federal
Government) or by mailgram, and notice by telephone shall be personal
notice. Any Member may waive in writing such notice as to himself,
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. No notice of an adjourned meeting need be given. Any and all
business may be transacted at any special meeting unless otherwise
indicated in the notice thereof. No special meetings of the Board shall
be held except in accordance with provisions of the Government in the
Sunshine Act (5 U.S.C. 552b).
5. 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.
6. 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.
7. The General Counsel of the Department of Agriculture, whose
office shall perform all legal work of the Corporation, and the
Associate General Counsel in the Office of the General Counsel who is
in immediate charge of legal work for the Corporation shall, as General
Counsel and Associate General Counsel of the Corporation, respectively,
attend meetings of the Board.
8. The Executive Vice President, the Vice President who is the
Associate Administrator of the Farm Service Agency, and the Secretary
shall attend meetings of the Board. Each of the other Vice Presidents
and Deputy Vice Presidents and the Controller shall attend meetings of
the Board during such time as the meetings are devoted to the
consideration of matters for which such officer is responsible.
[[Page 14286]]
Compensation of Board Members
9. The compensation of each Member shall be prescribed by the
Secretary of Agriculture. Any Member who holds another office or
position under the Federal Government, the compensation for which
exceeds that prescribed by the Secretary of Agriculture for such
Member, may elect to receive compensation at the rate provided for such
other office or position in lieu of compensation as a Member.
Officers
10. The officers of the Corporation shall be a President, Vice
Presidents, and Deputy Vice Presidents as hereinafter provided for, a
Secretary, a Controller, a Treasurer, a Chief Accountant, and such
additional officers as the Secretary of Agriculture may appoint.
11. The Under Secretary of Agriculture for Farm and Foreign
Agricultural Services shall be the ex officio President of the
Corporation.
12. The following officials of the Farm Service Agency (hereinafter
referred to as FSA), the Foreign Agricultural Service (hereinafter
referred to as FAS), the Food and Consumer Service (hereinafter
referred to as FCS), and the Agricultural Marketing Service
(hereinafter referred to as 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.
General Sales Manager, FAS; Vice President.
Associate Administrator, FSA; Vice President.
Deputy Administrator, Program Delivery and Field Operations, FSA;
Deputy Vice President.
Deputy Administrator, Commodity Operations, FSA; Deputy Vice President.
Deputy Administrator, Management, FSA; Deputy Vice President.
Deputy Administrator, Farm Programs, FSA; Deputy Vice President.
Director, Economic and Policy Analysis Staff, FSA; Deputy Vice
President.
Executive Assistant to the Administrator, FSA; Secretary.
Director, Corporate Affairs Staff, Office of the Administrator, FSA;
Deputy Secretary.
Director, Financial Management Division, FSA; Controller.
Deputy Director, Financial Management Division, FSA; Treasurer.
Chief, Financial Accounting and Reporting Branch, Financial Management
Division, FSA; Chief Accountant.
The person occupying, in an acting capacity, any position listed in
this paragraph shall, during his occupancy of such position, act as the
corresponding officer of the Corporation.
13. 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
14. (a) The President shall have general supervision and direction
of the Corporation, its officers and employees.
(b) The President shall establish and direct an Office of the
Secretariat. Such office shall be responsible for obtaining or
developing, as the President determines, information on major program
or policy proposals submitted to the Board.
The Vice Presidents
15. (a) The Executive Vice President shall be the chief executive
officer of the Corporation and shall be responsible for submission of
all Corporation policies and programs to the Board. Except as provided
in paragraphs (b), (c), (d), and (e) below, the Executive Vice
President shall have general supervision and direction of the
preparation of policies and programs for submission to the Board, of
the administration of the policies and programs approved by the Board,
and of the day-to-day conduct of the business of the Corporation and of
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. He shall also 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. He shall also 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 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. He shall also
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 policies and programs of the Corporation
which are for performance through the facilities and personnel of FAS.
He 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. He shall also 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. He shall also
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.
16. The Vice President who is the Associate Administrator, FSA, and
the Deputy Vice Presidents shall assist the Executive Vice President in
the performance of his duties and the exercise of his powers 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
17. The Secretary shall attend and keep the minutes of all meetings
of the Board; shall attend to the giving and serving of all required
notices of meetings of the Board; shall sign all papers and instruments
to which his signature shall be necessary or appropriate; shall attest
the authenticity of and affix the seal of the Corporation upon any
instrument requiring such action and shall 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 14287]]
The Controller
18. The Controller shall have charge of all fiscal and accounting
affairs of the Corporation, including all borrowings and related
financial arrangements, claims activities, and formulation of prices in
accordance with established policies; and shall perform such other
duties as may be prescribed, from time-to-time, by the President or the
Executive Vice President.
The Treasurer
19. (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, claims
activities, and formulation of prices in accordance with established
policies; and shall 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 also have charge of the custody, safekeeping and
disbursement of all funds of the Corporation; shall designate qualified
persons to authorize disbursement of corporate funds; shall direct the
disbursement of funds by disbursing officers of the Corporation or by
the Treasurer of the United States, Federal Reserve Banks, and other
fiscal agents of the Corporation; shall be responsible for documents
relating to the general financing operations of the Corporation,
including borrowings from the United States Treasury, commercial banks
and others; shall arrange for the payment of interest on the capital
stock of the Corporation; and shall coordinate and give general
supervision to the claims activities of the Corporation and have
authority to collect all monies due the Corporation, to receipt
therefor, and to deposit same for the account of the Corporation.
The Chief Accountant
20. The Chief Accountant, under the general supervision and
direction of the Controller, shall have charge of the general books and
accounts of the Corporation and the preparation of financial statements
and reports. He shall be responsible for the initiation, preparation
and issuance of policies and practices related to accounting matters
and procedures, including official inventories, records, accounting and
related office procedures where standardized, and adequate subsidiary
records of revenues, expenses, assets and liabilities; and shall
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
21. 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, and AMS in
accordance with any assignment of functions and responsibilities made
by the Secretary of Agriculture and, within his respective agency or
office, by the Administrators of FSA, FAS, FCS, or AMS, or the General
Sales Manager, FAS.
22. The Directors of the divisions and the Directors of the Kansas
City Commodity Office and the Kansas City Management Office of FSA
shall be Contracting Officers and executives of the Corporation in
general charge of the activities of the Corporation carried out through
their respective divisions or offices. The responsibilities of such
Directors in carrying out activities of the Corporation, which shall
include the authority to settle and adjust claims by and against the
Corporation arising out of activities under their jurisdiction, shall
be discharged in conformity with these Bylaws and applicable programs,
policies, and procedures.
Contracts of the Corporation
23. 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 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.
24. The Executive Vice President and, subject to the written
approval by such Executive Vice President of each appointment, the Vice
Presidents, the Deputy Vice Presidents, the Controller, and the
Directors of the divisions 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.
25. Appointments of Contracting Officers may be revoked by written
instrument or instruments by the Executive Vice President or by the
official who made the appointment. A copy of each instrument shall be
filed with the Secretary.
26. In executing a contract in the name of the Corporation, an
official shall indicate his title.
Annual Report
27. 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
28. These Bylaws may be altered, amended or repealed by the
Secretary of Agriculture. They may also be altered, amended or repealed
by the Board at any regular or special meeting of the Board if: (1) the
Secretary of Agriculture approves such action; and (2) in the case of
action taken at a special meeting of the Board, notice of the proposed
alternation, amendment or repeal was contained in the notice of such
special meeting.
Approval of Board Action
29. The actions of the Board shall be subject to the approval of
the Secretary of Agriculture.
I, Greg Billings, 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 February 5, 1996.
In witness whereof I have officially subscribed my name and have
caused the corporate seal of the said Corporation to be fixed this
sixth day of March, 1996.
Greg Billings,
Secretary, Commodity Credit Corporation.
[FR Doc. 96-7808 Filed 3-29-96; 8:45 am]
BILLING CODE 3410-05-P
