Title 42 — The Public Health and WelfareRelease 119-73not60
§2366 Conditions of Indemnity; Purchase of Property by Commission
Title 42 › Chapter 24— DISPOSAL OF ATOMIC ENERGY COMMUNITIES › Subchapter V— FINANCING › § 2366
Summary
Commission must pay the indemnity only after the owner notifies it of a sale for less than the unpaid loan balance under section 2365. Payment requires timely notice under section 2364, the sale following Commission time-and-method rules to avoid excessive costs, and advance notice giving the Commission chance to buy.
Full Legal Text
Title 42, §2366
The Public Health and Welfare — Source: USLM XML via OLRC
The Commission shall make the indemnity payment specified by section 2365 of this title only if the Commission receives a notice from the then owner of the property that he is about to sell the property for a sum less than the unpaid balance of the real or hypothetical loan calculated pursuant to such section. Such payment shall be made only if—
(a)notice is given to the Commission at a time when the conditions of section 2364 of this title are satisfied;
(b)the sale is made within such time as the Commission may prescribe and in a manner which the Commission determined to afford adequate assurance of a fair price without excessive costs; and
(c)the Commission is given such prior notice of the sale and such opportunity to become a purchaser as it shall prescribe.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Transfer of Functions
Atomic Energy Commission abolished and functions transferred by section 5814 and 5841 of this title. See also
Transfer of Functions
notes set out under those sections.
Reference
Citations & Metadata
Citation
42 U.S.C. § 2366
Title 42 — The Public Health and Welfare
Last Updated
Apr 5, 2026
Release point: 119-73not60