Powers and Duties of the Administrator.
Section 6
SEC. 6. Powers and Duties of the Administrator.—The Administrator shall have the following powers and duties: To manage the affairs of the Board subject to the policies of the Board of Directors; To submit within sixty days before the beginning of each fiscal year an annual budget to the Board of Directors; To appoint such subordinate officials and employees as may be provided in the annual plantilla or budget necessary for the proper discharge of the duties and functions of the Board. Appointments to supervisory positions shall be subject to the confirmation of the Board of Directors; To submit within sixty days after the close of the fiscal year an annual report to the President and Congress through the Board of Directors. Said report shall contain a detailed account of all activities, achievements, receipts and disbursements, financial condition of the institution, problems encountered, solved and unsolved, recommendations, and a program of future activities; and To perform such other duties as may be assigned to him by the Board of Directors.