; but (B) subject to paragraph (2), may be reimbursed for the actual and necessary traveling and subsistence expenses incurred by the member in the performance of duties for the Corporation. (2) Maximum amount The amount of reimbursement under paragraph (1)(B) may not exceed the amount that would be authorized under section 5703 of title 5 for the payment of expenses and allowances for an individual employed intermittently in the Federal Government service. 300205. Bylaws and duties (a) In general The Board shall adopt, and may amend, the bylaws of the Corporation. (b) Bylaws The bylaws of the Corporation shall include, at a minimum— (1) the duties and responsibilities of the Board; and (2) the operational procedures of the Corporation. (c) Duties and responsibilities of Board The Board shall be responsible for actions of the Corporation, including— (1) (A) employing individuals at the Corporation to provide investment management services; or (B) retaining the services of investment management services providers; (2) employing individuals at the Corporation to provide accounting and administrative services; (3) employing a manager of investments to manage the amounts authorized to be invested by the Board in accordance with subsection (d); (4) entering into a contract with 1 or more banking or trust entities to act as the custodian of the assets of the Fund; and (5) engaging other appropriate professional service providers to support the Board and the employees of the Board in carrying out the duties and responsibilities of the Board under this chapter. (d) Authority of manager Subject to the direction of the Board, the manager shall have control over the amounts under the jurisdiction of the Board in the same manner as if the manager owned those amounts. 300206. Authority of Corporation Except as otherwise provided in this chapter, the Corporation, acting through the manager, shall have the authority— (1) to manage the Fund; (2) to make investments of amounts in the Fund under section 300207(d)