PUBLIC LAWS-CHS. 440 , 441 -AUG. 1 , 1947
the general supervision of the Secretary of Agriculture. The Board
shall consist of the manager of the Corporation, two other persons
employed in the Department of Agriculture, and two persons experi-
enced in the insurance business who are not otherwise employed by
the Government. The Board shall be appointed by, and hold office
at the pleasure of the Secretary of Agriculture, who shall not, himself,
be a member of the Board.
Quorum.
"(b) Vacancies in the Board so long as there shall be three members
in office shall not impair the powers of the Board to execute the func-
tions of the Corporation, and three of the members in office shall
constitute a quorum for the transaction of the business of the Board.
Compensation.
"(c) The Directors of the Corporation who are employed in the
Department of Agriculture shall receive no additional compensation
for their services as such Directors but may be allowed necessary
traveling and subsistence expenses when engaged in business of the
Corporation, outside of the District of Columbia. The members of
the Board who are not employed by the Government shall be paid
such compensation for their services as Directors as the Secretary of
Agriculture shall determine, but such compensation shall not exceed
$100 per day each when actually employed and necessary traveling
and subsistence expenses when engaged in business of the Corporation
away from their homes or regular places of business.
Manager.
(d) The manager of the Corporation shall be its chief executive
officer, with such power and authority as may be conferred upon him
by the Board. He shall be appointed by, and hold office at the pleasure
of, the Secretary of Agriculture."
Approved August 1, 1947.
[CHAPTER 441]
August 1, 1947
AN ACT
.[P 1.l501
To authorize relief of accountable officers of the Government, and for other
[Public Law 321]
purposes.
Be it enacted by the Senate and House of Representatves of the
oelf
odisbursing United States of America in Congress assembled, That the General
Accounting Office is authorized, after consideration of the pertinent
findings and if in concurrence with the determinations and recommen-
dations of the head of the department or independent establishment
concerned, to relieve any disbursing or other accountable officer or agent
or former disbursing or other accountable officer or agent of any such
department or independent establishment of the Government charged
with responsibility on account of physical loss or deficiency of Govern-
ment funds, vouchers, records, checks, securities, or papers in his
charge, if the head of the department or independent establishment
determines (1) that such loss or deficiency occurred while such officer
or agent was acting in the discharge of his official duties, or that such
loss or deficiency occurred by reason of the act or omission of a sub-
ordinate of such officer or agent; and (2) that such loss or deficiency
occurred without fault or negligence on the part of such officer or
Aplicability.
agent. This Act shall be applicable only to the actual physical loss
or deficiency of Government funds, vouchers, records, checks,
securities, or papers, and shall not include deficiencies in the accounts
of such officers or agents resulting from illegal or erroneous payments.
SEC. 2. This Act shall not operate to repeal the provisions of the
paragraph of the Act entitled "An Act making appropriations for
the naval service for the fiscal year ending June 30, 1920, and for
other purposes", approved July 11, 1919, relatin to relief of disburs-
ing officers of the Navy (41 Stat. 132; U. S . C ., title 31, sec. 105), and
the Act entitled "An Act to authorize relief of disbursing officers of
720
[61 STAT.
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