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42 U.S.C. § 2297h–4 — Transfers to private corporation

submitted 30 years ago by Pub. L. 104-134 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 125 words · no verdicts yet

in plain englishAI-generated · not legal advice

At privatization, this section requires the Corporation to transfer specified leases, property, contracts, power-purchase rights, funds, and other interests to the private corporation. The transfers are subject to the listed conditions.

Concurrent with privatization, the Corporation must transfer to the private corporation— (1) the lease of the gaseous diffusion plants under section 2297h–5 of this title, (2) all personal property and inventories of the Corporation, (3) all contracts, agreements, and leases under section 2297h–6(a) of this title, (4) the Corporation’s right to purchase power from the Secretary under section 2297h–6(b) of this title, (5) such funds in accounts of the Corporation held by the Treasury or on deposit with any bank or other financial institution as approved by the Secretary of the Treasury, and (6) all of the Corporation’s records, including all of the papers and other documentary materials, regardless of physical form or characteristics, made or received by the Corporation.

the actual law source: uscode.house.gov ↗public domain

Concurrent with privatization, the Corporation shall transfer to the private corporation—

(1)

the lease of the gaseous diffusion plants in accordance with section 2297h–5 of this title,

(2)

all personal property and inventories of the Corporation,

(3)

all contracts, agreements, and leases under section 2297h–6(a) of this title,

(4)

the Corporation’s right to purchase power from the Secretary under section 2297h–6(b) of this title,

(5)

such funds in accounts of the Corporation held by the Treasury or on deposit with any bank or other financial institution as approved by the Secretary of the Treasury, and

(6)

all of the Corporation’s records, including all of the papers and other documentary materials, regardless of physical form or characteristics, made or received by the Corporation.

Source credit: (Pub. L. 104–134, title III, § 3106, Apr. 26, 1996, 110 Stat. 1321–338.)

history & why it existsrecord from the source credit
  • 1996Enacted · Pub. L. 104-134 · 110 Stat. 1321

A history note hasn’t been published yet. The record shows enactment by Pub. L. 104-134 on 1996-04-26.

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