(a) Establishment and membership
Notwithstanding any other provision of law, the Special Trustee shall establish an advisory board to provide advice on all matters within the jurisdiction of the Special Trustee. The advisory board shall consist of nine members, appointed by the Special Trustee after consultation with Indian tribes and appropriate Indian organizations, of which—
(1) five members shall represent trust fund account holders, including both tribal and Individual Indian Money accounts;
(2) two members shall have practical experience in trust fund and financial management;
(3) one member shall have practical experience in fiduciary investment management; and
(4) one member, from academia, shall have knowledge of general management of large organizations.
(b) Term
Each member shall serve a term of two years.
(c) FACA
The advisory board shall not be subject to the Federal Advisory Committee Act.
(d) Termination
The advisory board shall terminate upon termination of the Office of Special Trustee.
References in Text
The Federal Advisory Committee Act, referred to in subsec. (c), is Pub. L. 92–463, Oct. 6, 1972, 86 Stat. 770, as amended, which is set out in the Appendix to Title 5, Government Organization and Employees.
Amendments
1996—Subsec. (d). Pub. L. 104–109 substituted "advisory board" for "Advisory Board".
Appointment of New Members
Pub. L. 108–7, div. F, title I, §133, Feb. 20, 2003, 117 Stat. 243, provided that: "Within 90 days of enactment of this Act [Feb. 20, 2003] the Special Trustee for American Indians, in consultation with the Secretary of the Interior and the Tribes, shall appoint new members to the Special Trustee Advisory Board."
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