To authorize an Air Force Academy athletics support program.

1. Adds SEC. 524. AIR FORCE ACADEMY ATHLETIC ASSOCIATION on page 120, line 1

   Adds a sectionPrinted page

   Inserted: SEC. 524. AIR FORCE ACADEMY ATHLETIC ASSOCIATION.

   Inserted: (a) In General.--Chapter 903 of title 10, United States Code, is amended by inserting after section 9361 the following new section:

   Inserted: "Sec. 9362. Air Force Academy athletic programs support

   Inserted: "(a) Establishment Authorized.--

   Inserted: "(1) In general.--The Secretary of the Air Force may, in accordance with the laws of the State of incorporation, establish a corporation to support the athletic programs of the Academy (in this section referred to as the 'corporation'). All stock of the corporation shall be owned by the United States and held in the name of and voted by the Secretary of the Air Force.

   Inserted: "(2) Purpose.--The corporation shall operate exclusively for charitable, educational, and civic purposes to support the athletic programs of the Academy.

   Inserted: "(b) Corporate Organization.--The corporation shall be organized and operated--

   Inserted: "(1) as a nonprofit corporation under section 501(c)(3) of the Internal Revenue Code of 1986;

   Inserted: "(2) in accordance with this section; and

   Inserted: "(3) pursuant to the laws of the State of incorporation, its articles of incorporation, and its bylaws.

   Inserted: "(c) Corporate Board of Directors.--

   Inserted: "(1) Compensation.--The members of the board of directors shall serve without compensation, except for reasonable travel and other related expenses for attendance at meetings.

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   Inserted: "(2) Air force personnel.--The Secretary of the Air Force may authorize military and civilian personnel of the Air Force under section 1033 of this title to serve, in their official capacities, as members of the board of directors, but such personnel shall not hold more than one third of the directorships.

   Inserted: "(d) Transfer From Nonappropriated Fund Operation.--The Secretary of the Air Force may, subject to the acceptance of the corporation, transfer to the corporation all title to and ownership of the assets and liabilities of the Air Force nonappropriated fund instrumentality whose functions include providing support for the athletic programs of the Academy, including bank accounts and financial reserves in its accounts, equipment, supplies, and other personal property, but excluding any interest in real property.

   Inserted: "(e) Acceptance of Gifts.--The Secretary of the Air Force may accept from the corporation funds, supplies, and services for the support of cadets and Academy personnel during their participation in, or in support of, Academy or corporate events related to the Academy athletic programs.

   Inserted: "(f) Leasing.--The Secretary of the Air Force may, in accordance with section 2667 of this title, lease real and personal property to the corporation for purposes related to the Academy athletic programs. Money rentals received from any such lease may be retained and spent by the Secretary to support athletic programs of the Academy.".

   Inserted: (b) Clerical Amendment.--The table of sections at the beginning of such chapter is amended by inserting after the item relating to section 9361 the following new item:

   Inserted: "9362. Air Force Academy athletic programs support.".

   Original wording

   On page 120, before line 1, insert the following:

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As printed