Page:United States Statutes at Large Volume 103 Part 1.djvu/160

 103 STAT. 132 PUBLIC LAW 101-46—JUNE 30, 1989 Public Law 101-46 101st Congress .. An Act June 30, 1989 [S. 694] To extend title I of the Energy Policy and Conservation Act. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. EXTENSION. Title I of the Energy Policy and Conservation Act (42 U.S.C. 6211 et seq.) is amended— 42 USC 6251. (1) in section 171, by striking out "June 30, 1989" each place it appears and inserting in lieu thereof "April 1, 1990"; and 50 USC app. (2) in section 104(b)(l), by striking out "June 30, 1989" and 2071 notes. inserting in lieu thereof "April 1, 1990". 42 USC 6240 SEC. 2. STUDY AND REPORT ON OIL LEASING AND OTHER ARRANGE- note. MENTS TO FILL SPR TO ONE BILLION BARRELS. (a) IN GENERAL. —The Secretary of Energy shall carry out a study on potential financial arrangements (including long-term leasing of crude oil and storage facilities) that could be used to provide addi- tional, alternative means of financing the filling of the Strategic Petroleum Reserve to one billion barrels. In carrying out such study, the Secretary shall— (1) assume that the legislation that extends title I of the Energy Policy and Conservation Act beyond April 1, 1990, will require the Secretary to amend, by July 1, 1990, the Strategic Petroleum Reserve Plan to provide plans for completion of storage of one billion barrels of petroleum products in the Reserve at an average fill-rate of at least seventy-five thousand barrels per day; (2) consider a broad array of such arrangements; (3) consult with persons in the private sector who might be interested in leasing crude oil or storage facilities; (4) initiate, in cooperation with the Department of State, to the extent consistent with the interests of the United States, discussions with representatives of foreign governments and other entities as to the types of financial arrangements (includ- ing crude oil leasing arrangements) that would interest them; and (5) produce preliminary written solicitations for proposed alternative financial arrangements (including long-term leasing of crude oil and storage facilities) to assist in filling the Strate- gic Petroleum Reserve to one billion barrels. (b) REPORTS. — (1) The Secretary shall, no later than October 15, 1989, transmit to the Committee on Energy and Natural Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives an interim report containing— (A) an enumeration of the specific resources (both personnel and funding) committed to the study described in subsection (a); ^, (B) a description of the progress made toward completing the study; and

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