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O:\ERN \ERN98.145
3
1
Corporation Act (D.C. Code section 29-501
2
et seq.).
3
(B) DUTIES.-The Corporation shall-
4
(i) disburse compensation funds to
5
vending companies under this section;
6
(ii) verify operational machines; and
7
(iii) maintain complete records of ma-
8
chine verification and accountings of dis-
9
bursements and administration of the com-
10
pensation fund established under para-
11
graph (4).
12
(3) MANAGEMENT OF CORPORATION.
13
(A) BOARD OF DIRECTORS.-The Corpora-
14
tion shall be managed by a Board of Directors
15
that-
16
(i) consists of distinguished Americans
17
with experience in finance, public policy, or
18
fund management;
19
(ii) includes at least 1 member of the
20
United States tobacco vending machine in-
21
dustry;
22
(iii) shall be paid an annual salary on
23
an individualized basis of $40,000 out of
24
amounts transferred to the Corporation
25
under paragraph (4)(A);
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"ocrText": "O:\\ERN \\ERN98.145\n3\n1\nCorporation Act (D.C. Code section 29-501\n2\net seq.).\n3\n(B) DUTIES.-The Corporation shall-\n4\n(i) disburse compensation funds to\n5\nvending companies under this section;\n6\n(ii) verify operational machines; and\n7\n(iii) maintain complete records of ma-\n8\nchine verification and accountings of dis-\n9\nbursements and administration of the com-\n10\npensation fund established under para-\n11\ngraph (4).\n12\n(3) MANAGEMENT OF CORPORATION.\n13\n(A) BOARD OF DIRECTORS.-The Corpora-\n14\ntion shall be managed by a Board of Directors\n15\nthat-\n16\n(i) consists of distinguished Americans\n17\nwith experience in finance, public policy, or\n18\nfund management;\n19\n(ii) includes at least 1 member of the\n20\nUnited States tobacco vending machine in-\n21\ndustry;\n22\n(iii) shall be paid an annual salary on\n23\nan individualized basis of $40,000 out of\n24\namounts transferred to the Corporation\n25\nunder paragraph (4)(A);"
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