RURAL UTILITIES SERVICE.

SEC. 232. [7 U.S.C. 6942] RURAL UTILITIES SERVICE. (a) Establishment Required.—The Secretary shall establish and maintain within the Department the Rural Utilities Service and assign to the Service such functions as the Secretary considers appropriate. (b) Administrator.— (1) Appointment.—The Rural Utilities Service shall be headed by an Administrator who shall be appointed by the President. (2) Compensation.—The Administrator of the Rural Utilities Service shall receive basic pay at a rate not to exceed the maximum amount of compensation payable to a member of the Senior Executive Service under subsection (b) of section 5382 of title 5, United States Code. (c) Functions.—The Secretary shall carry out through the Rural Utilities Service the following functions that are under the jurisdiction of the Department: (1) Electric and telephone loan programs and water and waste facility activities authorized by law, including— (A) the Rural Electrification Act of 1936 (7 U.S.C. 901 et seq.); and (B) section 2322 of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 1926–1); and (2) Water and waste facility programs and activities authorized by law, including— (A) sections 306, 306A, 306B, and 306C, the provisions of sections 309 and 309A relating to assets, terms, and conditions of water and sewer programs, section 310B(b), and the amendment made by section 342 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1926, 1926a, 1926b, 1926c, 1929, 1929a, 1932(b), and 1013a); and (B) section 2324 of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 1926 note).