Page:United States Statutes at Large Volume 69.djvu/671

 STAT.]

PUBLIC LAW 336-AUG. 9, 1955

proceed to carry it out, and transfer of possession of the facility sold shall be made as soon as practicable but in any event within thirty days after the expiration of such thirty-day period. The failure to cpmplete transfer of possession within thirty days after the expiration of the period for cong:ressional review shall not give rise to or be the basis of rescission of the contract of sale. " (d) If, upon termination of the transfer period provided for in subsection (c), no contract for the sale of Plancor Numbered 980 has become effective, the operating agency last designated by the President shall continue to maintain said Plancor in adequate standby condition under the provisions of section 8 of the Rubber Producing Facilities Disposal Act of 1953." SEC. 2. Notwithstanding the provisions of section 3(d) of the Rubber Producing Facilities Disposal Act of 1953, the Rubber Producing Facilities Disposal Commission (hereinafter referred to as the "Commission") before submission to the Congress of its report relative to Plancor Numbered 980, shall submit it to the Attorney General, who shall, within seven days after receiving the report, advise the Commission whether, in his opinion, the proposed disposition, if carried out, will violate the antitrust laws. SEC. 3. Notwithstanding the provisions of sections 14 and/^2 of the Rubber Producing Facilities Disposal Act of 1953, the Rubber Act of 1948, as amended, is hereby extended with respect to the rubber-producing facilities covered by this Act, to the close of the day of transfer of possession of Plancor Numbered 980 to a purchaser in accordance with the provisions of section 26 of the Rubber Producing Facilities Disposal Act. SEC. 4. Notwithstanding the provisions of section 4 of Public Law 19, approved March 31, 1955, and notwithstanding the provisions of section 20 of the Rubber Producing Facilities Disposal Act of 1953, the Commission established by the latter Act shall cease to exist at the close of the thirtieth day following the termination of the transfer period provided fon in section 26(c) of that Act, unless no sale of Plancor Numbered 980 is recommended by the Commission pursuant to section 26(c) of that Act, in which event the Commission shall cease to exist at the close of the one hundred and thirtieth day following the date of the enactment of this Act. SEC. 5. Except as otherwise provided in this Act, disposal of Plancor Numbered 980 shall be fully subject to all the provisions of the Rubber Producing Facilities Disposal Act of 1953 and such criteria as have been established by the Commission in handling disposal of other Government-owned rubber producing facilities under that Act: Provided, That the provisions of sections 7(j), 7 (k), 9 (d), 9 (f), 10,11, 15, and 24 of that Act shall not apply to the disposal of Plancor Numbered 980. As promptly as practicable following the date of transfer of possession of Plancor Numbered 980 to a purchaser under this Act, the operating agency last designated by the President shall offer for sale to such purchaser the end products at such plant and held in inventory for Government account on the day of such transfer of possession, together with the feedstocks then located at such plant or purchased by the operating agency for use at such plant. Sale of such end products shall be made at the Government sales price prevailing on the business day next preceding the date of transfer of possession of such plant. Sale of such feedstocks shall be made at not less than their cost to the Government. In the event the purchaser declines to purchase such end products or feedstocks when first offered to it by the operating agency, they may be thereafter disposed of in such manner as the operating agency deems advisable. In the event Plancor

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standby c o n d i tion.

50 U S C a p p. 194 If. T r a n s m i t t a l of report to Attorney General. 50 U S C a p p. 1941a.

50 USC a p p. 1941/, 1941t. 62 Stat. 101. 50 USC app. 1921 note.

Termination of Commission. Ante, p. 16. 50 U S e a p p. 1941r.

D i s p o s a l criteria. s o u s e app. 1941 note

Endproducts and feedstocks.

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