106 STAT. 826 PUBLIC LAW 102-325-JULY 23, 1992 (d) MEETINGS. — The Commission shall meet at the call of the Chairman. (e) QUORUM.— Six of the members of the Commission shall constitute a quorum, but a lesser number of members may hold hearings. (f) CHAIRPERSON. —The Commission shall select a Chairperson from among its members. SEC. 1426. DUTIES OF THE COMMISSION. The Commission shall— (1) develop a factual base for understanding the status of independent colleges and imiversities, their contributions to public priorities, and the effects of national higher education policies on the independent nonprofit sector; (2) review the issuance of Federal regulations regarding independent colleges and imiversities, and suggest means by whicn independent colleges and universities can be held accountable for use of public resources without inappropriate intrusion into institutional autonomy; and (3) address the relation between FedersJ and State poUcies on independent colleges and imiversities, particularly with respect to student access and choice, finance, institutional subsidies, and institutional accountability. SEC. 1426. REPORT AND RECOMMENDATIONS. (a) INTERIM REPORT. — The Commission shall submit an interim report to the President and the Congress on the Commission's activities and findings within 18 months of the date of enactment of this Act. (b) FINAL REPORT.— (1) IN GENERAL. —The Commission shall submit a final report to the President and the Congress on the Commission's activities and findirigs within 3 years of the date of enactment of this Act. (2) RECOMMENDATION. —The report described in paragraph (1) shall contain a recommendation regarding the establishment of a national poHcy on independent colleges and universities appropriate to meeting the Nation's higher educational goals in the twenty-first century. SEC. 1427. POWERS OF THE COMMISSION. (a) HEARINGS. —The Commission may hold such hearings, sit and act at such times and places, take such testimony, and receive such evidence as the Commission considers advisable to carry out the purposes of this part. (b) INFORMATION FROM FEDERAL AGENCIES. —The Commission may secure directly from any Federal department or agency such information as the Commission considers necessary to carry out the provisions of this part. Upon request of the Chairperson of the Commission, the head of such department or agency shall fiimish such information to the Commission. (c) GIFTS.—The Commission may accept in the name of the United States grants, gifts, and bequests of money for immediate disbursement in furtherance of the functions of the Commission. Such grants, gifts, and bequests, after acceptance by the Commission, shall be paid by the donor or representative of the donor to the Treasurer of the United States, whose receipts shall be their acquittance. The Treasurer of the United States shall enter such grants.
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