Foundation for Food and Agriculture Research
Definitions
In this section:
Board
The term “Board” means the Board of Directors described in subsection (e).
Department
The term “Department” means the Department of Agriculture.
Foundation
The term “Foundation” means the Foundation for Food and Agriculture Research established under subsection (b).
Secretary
The term “Secretary” means the Secretary of Agriculture.
Establishment
In general
The Secretary shall establish a nonprofit corporation to be known as the “Foundation for Food and Agriculture Research”.
Status
The Foundation shall not be an agency or instrumentality of the United States Government.
Purposes
The purposes of the Foundation shall be—
to advance the research mission of the Department by supporting agricultural research activities focused on addressing key problems of national and international significance including—
Duties
In general
The Foundation shall—
in consultation with the Secretary—
Relationship to other activities
The activities described in paragraph (1) shall be supplemental to any other activities at the Department and shall not preempt any authority or responsibility of the Department under another provision of law.
Board of Directors
Establishment
The Foundation shall be governed by a Board of Directors.
Composition
In general
The Board shall be composed of appointed and ex-officio, nonvoting members.
Ex-officio members
The ex-officio members of the Board shall be the following individuals or designees of such individuals:
Appointed members
In general
The ex-officio members of the Board (as specified in subparagraph (B)) shall, by majority vote, appoint to the Board 15 individuals, of whom—
Requirements
Expertise
The ex-officio members shall ensure that a majority of the appointed members of the Board have actual experience in agriculture or agricultural research and, to the extent practicable, represent diverse sectors of agriculture.
Limitation
No employee of the Federal Government may serve as an appointed member of the Board under this subparagraph.
Not Federal employment
Appointment to the Board under this subparagraph shall not constitute Federal employment.
Authority
All appointed members of the Board shall be voting members.
Chair
The Board shall, from among the members of the Board, designate an individual to serve as Chair of the Board.
Initial meeting
Not later than 60 days after , the Secretary shall convene a meeting of the ex-officio members of the Board—
Duties
In general
The Board shall—
establish bylaws for the Foundation that, at a minimum, include—
policies, including ethical standards, for—
Establishment of bylaws
In establishing bylaws under subparagraph (A)(i), the Board shall ensure that the bylaws do not—
Terms and vacancies
Terms
In general
The term of each member of the Board appointed under paragraph (2)(C) shall be 5 years, except that of the members initially appointed, 8 of the members shall each be appointed for a term of 3 years and 7 of the members shall each be appointed for a term of 2 years.
Partial terms
If a member of the Board does not serve the full term applicable under clause (i), the individual appointed to fill the resulting vacancy shall be appointed for the remainder of the term of the predecessor of the individual.
Transition
A member of the Board may continue to serve after the expiration of the term of the member until a successor is appointed.
Vacancies
After the initial appointment of the members of the Board under paragraph (2)(C), any vacancy in the membership of the Board shall be filled as provided in the bylaws established under paragraph (4)(A)(i).
Compensation
Members of the Board may not receive compensation for service on the Board but may be reimbursed for travel, subsistence, and other necessary expenses incurred in carrying out the duties of the Board.
Meetings and quorum
A majority of the members of the Board shall constitute a quorum for purposes of conducting the business of the Board.
Administration
Executive Director
In general
The Board shall hire an Executive Director who shall carry out such duties and responsibilities as the Board may prescribe.
Service
The Executive Director shall serve at the pleasure of the Board.
Administrative powers
In general
In carrying out this section, the Board, acting through the Executive Director, may—
prescribe the manner in which—
Limitation
No appointed member of the Board or officer or employee of the Foundation or of any program established by the Foundation (other than ex-officio members of the Board) shall exercise administrative control over any Federal employee.
Records
Audits
The Foundation shall—
Reports
Annual report on Foundation
In general
Not later than 5 months following the end of each fiscal year, the Foundation shall publish and post online a report for the preceding fiscal year that includes—
Financial condition
Each report under subclause (I) shall include a description of all gifts, grants, devises, or bequests to the Foundation of real or personal property or money, which shall include—
Availability
The Foundation shall—
Public meeting
The Board shall hold an annual public meeting to summarize the activities of the Foundation.
Grant reporting
Any recipient of a grant under subsection (d)(1)(A) shall provide the Foundation with a report at the conclusion of any research or studies conducted that describes the results of the research or studies, including any data generated.
Stakeholder notice
The Foundation shall publish an annual notice with a description of agricultural research priorities under this section for the upcoming fiscal year, including—
Strategic plan
Not later than 1 year after , the Foundation shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a strategic plan describing a path for the Foundation to become self-sustaining, including—
an overview of the efforts that the Foundation will take to be transparent in each of the processes of the Foundation, including—
a description of financial goals and benchmarks for the next 10 years, including a detailed plan for—
Integrity
In general
To ensure integrity in the operations of the Foundation, the Board shall develop and enforce procedures relating to standards of conduct, financial disclosure statements, conflicts of interest (including recusal and waiver rules), audits, and any other matters determined appropriate by the Board.
Financial conflicts of interest
Any individual who is an officer, employee, or member of the Board is prohibited from any participation in deliberations by the Foundation of a matter that would directly or predictably affect any financial interest of—
Intellectual property
The Board shall adopt written standards to govern the ownership and licensing of any intellectual property rights derived from the collaborative efforts of the Foundation.
Liability
The United States shall not be liable for any debts, defaults, acts, or omissions of the Foundation nor shall the full faith and credit of the United States extend to any obligations of the Foundation.
Funds
Funding
In general
Establishment funding
On , of the funds of the Commodity Credit Corporation, the Secretary shall transfer to the Foundation to carry out this section $200,000,000, to remain available until expended under the conditions described in subparagraph (B).
Enhanced funding
On the date on which the strategic plan described in subsection (f)(3)(B)(iv) is submitted, of the funds of the Commodity Credit Corporation, the Secretary shall transfer to the Foundation to carry out this section $185,000,000, to remain available until expended.
Additional funding
Not later than 30 days after , of the funds of the Commodity Credit Corporation, the Secretary shall transfer to the Foundation to carry out this section $37,000,000, to remain available until expended.
Further funding
Not later than 30 days after , of the funds of the Commodity Credit Corporation, the Secretary shall transfer to the Foundation to carry out this section $37,000,000, to remain available until expended.
Conditions on expenditure
In general
The Foundation may use the funds made available under subparagraph (A) to carry out the purposes, duties, and powers of the Foundation only to the extent that the Foundation secures an equal amount of matching funds from a non-Federal source, including an agricultural commodity promotion, research, and information program.
Effect
Nothing in this section requires the Foundation to require a matching contribution from an individual grantee as a condition of receiving a grant under this section.
Prohibition on construction
None of the funds made available under subparagraph (A) may be used for construction.
Separation of funds
The Executive Director shall ensure that any funds received under paragraph (1) are held in separate accounts from funds received from nongovernmental entities as described in subsection (f)(2)(A)(iii).