Title 42, The Public Health and WelfareRelease 119-73not60
§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
Summary
When the Corporation is privatized, it must at the same time give the new private company certain assets and rights. These include the gaseous diffusion plant lease as provided by law, all property and inventories, contracts and leases covered by law, its right to buy power from the Secretary, approved funds held by the Treasury or banks, and all records and documents.
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
Apr 5, 2026
Release point: 119-73not60