Page:United States Statutes at Large Volume 106 Part 4.djvu/194

 106 STAT. 2930 PUBLIC LAW 102-486—OCT. 24, 1992 "(b) TRANSFER OF UNEXPENDED BALANCES. —On the transfer date, the Secretary shall, without need of further appropriation, transfer to the Corporation the unexpended balance of appropriations and other monies available to the Department (inclusive of funds set aside for accounts payable), and accounts receivable which are related to functions and activities acquired by the Corporation from the Department pursuant to this title, including all advance payments. 42 USC 2297b-8. *'SEC. 1309. OBLIGATIONS. "(a) ISSUANCE.— "(1) IN GENERAL. — The Corporation may issue and sell bonds, notes, and other evidences of indebtedness (collectively referred to in this title as 'bonds'), except that the Corporation may not issue or sell bonds for the purpose of constructing new uranium enrichment facilities or conducting directly related preconstruction activities. Borrowing under this paragraph during any fiscal year ending before October 1, 1996, shall be subject to approval in appropriation Acts. "(2) USE OP REVENUES.— The Corporation may pledge and use its revenues for payment of the principal of and interest on its bonds, for their purchase or redemption, and for other purposes incidental to these functions, including creation of reserve funds and other funds that may be similarly pledged and used. "(3) AGREEMENTS WITH HOLDERS AND TRUSTEES. — The Corporation may enter into binding covenants with the holders and trustees of its bonds with respect to— "(A) the establishment of reserve and other funds; "(B) stipulations concerning the subsequent issuance of bonds; and "(C) other matters not inconsistent with this title; that the Corporation determines necessary or desirable to enhance the marketability of the bonds. "(b) NOT OBLIGATIONS OP UNITED STATES. —Bonds issued by the Corporation under this section shall not be obligations of, or guaranteed as to principal or interest by, the United States, and the bonds shall so plainly state. "(c) TERMS AND CONDITIONS. — "(1) NEGOTIABLE; MATURITY.— Bonds issued by the Corporation under this section shall be negotiable instruments unless otherwise specified in the bond and shall mature not more than 50 years after their date of issuance. "(2) ROLE OF SECRETARY OF THE TREASURY. — "(A) RIGHT OF DISAPPROVAL. —The Corporation may set the terms and conditions of bonds issued under this section, subject to disapproval of such terms and conditions by the Secretary oi the Treasury within 5 days after the Secretary of the Treasury is notified of the following terms and conditions of the bonds: "(i) Their forms and denominations, "(ii) The times, amounts, and prices at which they are sold. "(iii) Their rates of interest. "(iv) The terms at which they may be redeemed by the Corporation before maturity.

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