42-U.S.C.-2297H-1

§2297H-1 – §2297H-1. Sale of Corporation

Pathway

Title 42 > Chapter 23 > Subchapter VIII > Section 2297h-1

Details

• Reference: Section 2297h-1
• Legend: §2297H-1 – §2297H-1. Sale of Corporation
• USCode Year: 2011

Provision Content

(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 Energys 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.)

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.

U.S. Encyclopedia of Law Coverage

42-U.S.C.-2098 in the Legal Encyclopedia: Atomic Energy

In this entry about 42-U.S.C.-2098, find legal reference material, bibliographies and premiere content related to atomic energy in the American Encyclopedia of Law, presenting a comprehensive view of the United States atomic energy-specific issues, written by authorities in the field.

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