infonnation. PUBLIC LAW 104-8 —APR. 17, 1995 109 STAT. 101 (c) QUALIFICATIONS FOR MEMBERSHIP.— An individual meets the qualifications for membership on the Authority if the individual— (1) has knowledge and expertise in finance, management, and the organization or operation of business or government; (2) does not provide goods or services to the District government (and is not the spouse, parent, child, or sibling of an individual who provides goods and services to the District government); (3) is not an officer or emploj'ee of the District government; and (4) maintains a primary residence in the District of Columbia or has a primary place of business in the District of Columbia. (d) No COMPENSATION FOR SERVICE.— Members of the Authority shall serve without pay, but may receive reimbursement for any reasonable and necessary expenses incurred by reason of service on the Authority. (e) ADOPTION OF BY-LAWS FOR CONDUCTING BUSINESS OF AUTHORITY.— (1) IN GENERAL.— AS soon as practicable after the appointment of its members, the Authority shall adopt by-laws, rules, and procedures governing its activities under this Act, including procedures for hiring experts and consultants. Such by-laws. Records, rules, and procedures shall be public documents, and shall V^^^^ be submitted by the Authority upon adoption to the Mayor, the Council, the President, and Congress. (2) CERTAIN ACTIVITIES REQUIRING APPROVAL OF MAJORITY OF MEMBERS. —Under the by-laws adopted pursuant to paragraph (1), the Authority may conduct its operations under such procedures as it considers appropriate, except that an affirmative vote of a majority of the members of the Authority shall be required in order for the Authority to— (A) approve or disapprove a financial plan and budget under subtitle A of title II; (B) implement recommendations on financial stability and management responsibility under section 207; (C) give consent to the appointment of the Chief Financial Officer of the District of Columbia under section 424 of the District of Columbia Self-Government and Grovernmental Reorganization Act (as added by section 302); and (D) give consent to the appointment of the Inspector General of the District of Columbia under section 208(a) of the District of Columbia Procurement Practices Act of 1985 (as amended by section 303(a)). (3) ADOPTION OF RULES AND REGULATIONS OF DISTRICT OF COLUMBIA.— The Authority may incorporate in its by-laws, rules, and procedures under this subsection such rules and regulations of the District government as it considers appropriate to enable it to carry out its activities under this Act with the greatest degree of independence practicable. SEC. 102. EXECUTIVE DIRECTOR AND STAFF OF AUTHORITY. (a) EXECUTIVE DIRECTOR. —The Authority shall have an Executive Director who shall be appointed by the Chair with the consent of the Authority. The Executive Director shall be paid at a rate determined by the Authority, except that such rate may not exceed the rate of basic pay payable for level IV of the Executive Schedule.
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