(a) Appointment.—The board of directors may appoint officers or employees, but only after the corporation has sufficient funds to pay for their services.
(b) Status and Compensation.—Officers and employees of the corporation—(1) shall not be considered employees of the United States Government;
(2) shall be appointed without regard to the provisions of title 5 governing appointments in the competitive service; and
(3) may be paid without regard to chapter 51 and subchapter III of chapter 53 of title 5, except that an officer or employee may not be paid more than 15 percent above the annual rate of basic pay for level GS–15 of the General Schedule under section 5107 of title 5.
Structure US Code
Title 36— PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
Subtitle II— Patriotic and National Organizations
CHAPTER 1513— NATIONAL FALLEN FIREFIGHTERS FOUNDATION
§ 151304. Officers and employees
§ 151307. Provision and acceptance of support by Administrator
§ 151309. Civil action by Attorney General for equitable relief