Page:United States Statutes at Large Volume 110 Part 1.djvu/653

 PUBLIC LAW 104-106—FEB. 10, 1996 110 STAT. 629 (2) The term "National Defense Stockpile Transaction Fund" means the fund in the Treasury of the United States established under section 9(a) of the Strategic and Critical Materials Stock Pihng Act (50 U.S.C. 98h(a)). SEC. 3302. AUTHORIZED USES OF STOCKPILE FUNDS. (a) OBLIGATION OF STOCKPILE FUNDS.— During fiscal year 1996, the National Defense Stockpile Manager may obligate up to $77,100,000 of the funds in the National Defense Stockpile Transaction Fund for the authorized uses of such funds under section 9(b)(2) of the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98h(b)(2)). (b) ADDITIONAL OBLIGATIONS.—The National Defense Stockpile Manager may obligate amounts in excess of the amount specified in subsection (a) if the National Defense Stockpile Manager notifies Congress that extraordinary or emergency conditions necessitate the additional obligations. The National Defense Stockpile Manager may make the additional obligations described in the notification after the end of the 45-day period beginning on the date Congress receives the notification. (c) LIMITATIONS.—The authorities provided by this section shall be subject to such limitations as may be provided in appropriations Acts. SEC. 3303. DISPOSAL OF CHROMITE AND MANGANESE ORES AND CHROMIUM FERRO AND MANGANESE METAL ELECTRO- LYTIC. (a) DOMESTIC UPGR/UDING. — In offering to enter into agreements President, pursuant to any provision of law for the disposal from the National Defense Stockpile of chromite and manganese ores or chromium ferro and manganese metal electrolytic, the President shall give a right of first refusal on all such offers to domestic ferroalloy upgraders. (b) DOMESTIC FERROALLOY UPGRADER DEFINED. —For purposes of this section, the tenn "domestic ferroalloy upgrader" means a company or other business entity that, as determined by the President— (1) is engaged in operations to upgrade chromite or manganese ores of metallurgical grade or chromium ferro and manganese metal electrolytic; and (2) conducts a significant level of its research, development, engineering, and upgrading operations in the United States. SEC. 3304. RESTRICTIONS ON DISPOSAL OF MANGANESE FERRO. (a) DISPOSAL OF LOWER GRADE MATERIAL FIRST. —The President may not dispose of high carbon manganese ferro in the National Defense Stockpile that meets the National Defense Stockpile classification of Grade One, Specification 30(a), as revised on May 22, 1992, until completing the disposal of all manganese ferro in the National Defense Stockpile that does not meet such classification. The President may not reclassify manganese ferro in the National Defense Stockpile after the date of the enactment of this Act. (b) REQUIREMENT FOR REMELTING BY DOMESTIC FERROALLOY PRODUCERS. —Manganese ferro in the National Defense Stockpile that does not meet the classification specified in subsection (a) may be sold only for remelting by a domestic ferroalloy producer

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