Page:United States Statutes at Large Volume 104 Part 1.djvu/763

 PUBLIC LAW 101-383—SEPT. 15, 1990 104 STAT. 729 SEC. 5. PREDRAWDOWN DIVERSION OF SPR OIL. (a) IN GENERAL. — Section 160 of the Energy Policy and Conservation Act (42 U.S.C. 6240) is amended by adding at the end the following: "(f) If the Secretary finds that a severe energy supply interruption may be imminent, the Secretary may suspend the acquisition of petroleum product for, and the injection of petroleum product into, the Reserve and may sell any petroleum product acquired for and in transit to, but not injected into, the Reserve.". (h) CONFORMING AMENDMENTS.— (1) Section 16703)(3) of such Act (42 U.S.C. 6247(b)(3)) is amended by inserting after "(g) of such section" the following: ", or from the sale of petroleum products under section 160(f)". (2) Section 167(d) of such Act (42 U.S.C. 6247(d)) is amended by inserting after "(g) of such section" the following: ", and from the sale of petroleum products under section 160(f)". (3) Section 160(d) of such Act (42 U.S.C. 6240(d)) is amended by adding at the end the following: "(4) For any fiscal year in which purchases of petroleum products are suspended, or the sale of petroleum products is carried out, under subsection (f), the fill-rate requirements of paragraph (I)(B) shall be reduced by— "(A) the amount of petroleum products are acquired for such fiscal year as a result of such suspension; plus "(B) the amount of petroleum products sold under such subsection during such fiscal year.". SEC. 6. LEASING AUTHORITY. (a) IN GENERAL.— Title I of the Energy Policy and Conservation Act (42 U.S.C. 6211 et seq.) is amended— (1) in section 152, by inserting "and part C" after "this part" 42 USC 6232. in the material preceding paragraph (1); (2) by redesignating part C as part D; (3) by redesignating section 171 (after the amendment is made 42 USC 6251. by section 2(2) of this Act) as section 181; and (4) by adding the following new part after part B: "P AR T C—AUTHORITY TO CONTRACT FOR PETROLEUM PRODUCT NOT OWNED BY THE UNITED STATES "CONTRACTING FOR PETROLEUM PRODUCT AND FACILITIES "SEC. 171. (a) IN GENERAL.— Subject to the other provisions of this 42 USC 6249. part, the Secretary may contract— "(1) for storage, in otherwise unused Strategic Petroleum Reserve facilities, of petroleum product not owned by the United States; and "(2) for storage, in storage facilities other than those of the Reserve, of petroleum product either owned or not owned by the United States. "(b) CONDITIONS.— (1) Petroleum product stored pursuant to such a contract shall, until the expiration, termination, or other conclusion of the contract, be a part of the Reserve and subject to the Secretary's authority under part B. "(2) The Secretary may enter into a contract for storage of petroleum product under subsection (a) only if—

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