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Title 12 — Banks and Banking

Chapter 25 — National Commission on Electronic Fund Transfers

§ 2406. Compensation of members of Commission

Statutory text

(a)

A member of the Commission who is an officer or employee of the United States shall serve as a member of the Commission without additional compensation, but shall be entitled to reimbursement for travel, subsistence, and other necessary expenses incurred in the performance of his duties as a member of the Commission.

(b)

A member of the Commission who is not otherwise an officer or employee of the United States shall be compensated at a rate of $150 per day when engaged in the performance of his duties as a member of the Commission, and shall also be reimbursed for travel, subsistence, and other necessary expenses incurred in the performance of his duties as a member of the Commission.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Pub. L. 93–495 title II § 206 · 88 Stat. 1500

    Enacted · 12 U.S.C. § 2406

    (Pub. L. 93–495, title II, § 206, Oct. 28, 1974, 88 Stat. 1510.)

    Source evidence

    Code source credit
    (Pub. L. 93–495, title II, § 206, Oct. 28, 1974, 88 Stat. 1510.)

    Enacted provision · exact public law section
    Sec. 206. compensation (a) A member of the Commission who is an officer or employee of the United States shall serve as a member of the Commission without additional compensation, but shall be entitled to reimbursement for travel, subsistence, and other necessary expenses incurred in the performance of his duties as a member of the Commission. (b) A member of the Commission who is not otherwise an officer or employee of the United States shall be compensated at a rate of $150 per day when engaged in the performance of his duties as a member of the Commission, and shall also be reimbursed for travel, subsistence, and other necessary expenses incurred in the performance of his duties as a member of the Commission.

1 of 1 references resolved to an enrolled provision

Credits

(Pub. L. 93–495, title II, § 206, , 88 Stat. 1510.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s2406