Title 42, The Public Health and WelfareRelease 119-102

§2297h–4 Transfers to Private Corporation

Title 42 › CHAPTER 23 — DEVELOPMENT AND CONTROL OF ATOMIC ENERGY › SUBCHAPTER VIII — UNITED STATES ENRICHMENT CORPORATION PRIVATIZATION › § 2297h–4

Last updated Aug 21, 2026|Official source

Summary

When the corporation is privatized, it must give six types of things to the new private company. These are: the lease for the gaseous diffusion plants under section 2297h–5; all personal property and inventories; the contracts, agreements, and leases covered by section 2297h–6(a); its right to buy power from the Secretary under section 2297h–6(b); funds in its Treasury or bank accounts as approved by the Secretary of the Treasury; and all records and documentary materials in any form.

Full Legal Text

Title 42, §2297h–4

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

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.

Legislative History

Notes & Related Subsidiaries

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.

Reference

Citations & Metadata

Citation

42 U.S.C. § 2297h–4

Title 42, The Public Health and Welfare

Last Updated

Aug 21, 2026

Release point: 119-102