§2294 — Title 42 The Public Health and Welfare | U.S. Code

Summary

Allows the U.S. to sell or lease to the Community the amount of contained uranium‑235 needed to fuel reactors totaling 35,000 megawatts, plus 25,000 kilograms of uranium‑235 for other uses, 1,500 kilograms of plutonium, and 30 kilograms of uranium‑233. Sales must be under cooperation agreements with the U.S. government. If payment isn’t made at transfer, the U.S. gets the equivalent of a first lien. After December 31, 1968, the Commission may instead contract to produce or enrich all or part of the uranium‑235 rather than sell or lease it.

Title 42, §2294

The Public Health and Welfare — Source: USLM XML via OLRC

Pursuant to the provisions of section 2074 of this title, there is hereby authorized for sale or lease to the Community— an amount of contained uranium 235 which does not exceed that necessary to support the fuel cycle of power reactors located within the Community having a total installed capacity of thirty-five thousand megawatts of electric energy, together with twenty-five thousand kilograms of contained uranium 235 for other purposes; one thousand five hundred kilograms of plutonium; and thirty kilograms of uranium 233; in accordance with the provisions of an agreement or agreements for cooperation between the Government of the United States and the Community entered into pursuant to the provisions of section 2153 of this title: Provided, That the Government of the United States obtains the equivalent of a first lien on any such material sold to the Community for which payment is not made in full at the time of transfer. The Commission may enter into contracts to provide, after December 31, 1968, for the producing or enriching of all, or part of, the above-mentioned contained uranium 235 pursuant to the provisions of section 2201(v)(B) of this title in lieu of sale or lease thereof.

Notes & Related Subsidiaries

Editorial Notes

Codification Section was enacted as part of the EURATOM Cooperation Act of 1958 which comprises this subchapter, and not as part of the Atomic Energy Act of 1954 which comprises this chapter.

Amendments

1973—Pub. L. 93–88 substituted “an amount of contained uranium 235 which does not exceed that necessary to support the fuel cycle of power reactors located within the Community having a total installed capacity of thirty-five thousand megawatts of electric energy, together with twenty-five thousand kilograms of contained uranium for other purposes” for “two hundred fifteen thousand kilograms of contained uranium 235”. 1967—Pub. L. 90–190 increased from seventy thousand to two hundred fifteen thousand kilograms of contained uranium 235 and from five hundred to one thousand five hundred kilograms of plutonium respectively the amount of material authorized to be sold or leased to the Community, and inserted provision authorizing the Commission, after Dec. 31, 1968, to perform uranium enrichment services for the Community, pursuant to the provisions of section 2201(v)(B) of this title, in lieu of the sale or lease of such material. 1964—Pub. L. 88–394 increased the amount of contained uranium 235 from thirty thousand kilograms to seventy thousand kilograms, and plutonium, from nine kilograms to five hundred kilograms. 1961—Pub. L. 87–206 substituted “Nine kilograms” for “One kilogram” of plutonium and inserted item reading “Thirty kilograms of uranium 233” and “or agreements”.

§2294 Authorization for sale or lease of uranium and plutonium; amounts; lien for nonpayment; uranium enrichment services

Summary

Title 42, §2294

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata