42 U.S.C. § 2297h–1 — Sale of Corporation

FEDERAL · 42 U.S.C. · Chapter 23

Sale of Corporation

Current through Pub. L. 119-102

Title 42 — The Public Health and Welfare·Ch. 23 — DEVELOPMENT AND CONTROL OF ATOMIC ENERGY·Subch. VIII

(a)Authorization The Board of Directors of the Corporation, with the approval of the Secretary of the Treasury, shall transfer the interest of the United States in the United States Enrichment Corporation to the private sector in a manner that provides for the long-term viability of the Corporation, provides for the continuation by the Corporation of the operation of the Department of Energy's gaseous diffusion plants, provides for the protection of the public interest in maintaining a reliable and economical domestic source of uranium mining, enrichment and conversion services, and, to the extent not inconsistent with such purposes, secures the maximum proceeds to the United States.

(b)Proceeds Proceeds from the sale of the United States' interest in the Corporation shall be deposited i

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(a) Authorization
The Board of Directors of the Corporation, with the approval of the Secretary of the Treasury, shall transfer the interest of the United States in the United States Enrichment Corporation to the private sector in a manner that provides for the long-term viability of the Corporation, provides for the continuation by the Corporation of the operation of the Department of Energy's gaseous diffusion plants, provides for the protection of the public interest in maintaining a reliable and economical domestic source of uranium mining, enrichment and conversion services, and, to the extent not inconsistent with such purposes, secures the maximum proceeds to the United States.
(b) Proceeds
Proceeds from the sale of the United States' interest in the Corporation shall be deposited in the general fund of the Treasury.

42 U.S.C. § 2297h–1 (Sale of Corporation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 104–134, title III, §3103, Apr. 26, 1996, 110 Stat. 1321–336.)

Editorial Notes

Editorial Notes

Codification
Section was enacted as part of the USEC Privatization Act and also as part of the Omnibus Consolidated Rescissions and Appropriations Act of 1996, and not as part of the Atomic Energy Act of 1954 which comprises this chapter.