42 USC 2297h-1: Sale of Corporation
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42 USC 2297h-1: Sale of Corporation Text contains those laws in effect on November 20, 2024
From Title 42-THE PUBLIC HEALTH AND WELFARECHAPTER 23-DEVELOPMENT AND CONTROL OF ATOMIC ENERGYDivision B-United States Enrichment CorporationSUBCHAPTER VIII-UNITED STATES ENRICHMENT CORPORATION PRIVATIZATION
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§2297h–1. Sale of Corporation

(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.

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


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.