Page:United States Statutes at Large Volume 76.djvu/954

 906

PUBLIC LAW 87-796-OCT. 11, 1962

[76 STAT.

to the United States, or shall be paid for in money, as the Secretary of the Navy elects. " (b) All money accruing to the United States from lands in the naval petroleum and oil shale reserves shall be covered into the Treasury." Qxxarterly (10) Section 7434 is amended to read as follows: reports. "Within thirty days after the close of each quarter, the Secretary of the Navy shall report to the Committees on Armed Services of the Senate and House of Representatives the production from the naval petroleum and oil shale reserves during the preceding quarter." Foreign (11) Section 7435 is amended to read as follows: interests. " (a) If the laws, customs, or regulations of any foreign country deny the privilege of leasing public lands to citizens or corporations of the United States, citizens of that foreign country, or corporations controlled by citizens of that country, may not, by contract made after July 1, 1937, or by stock ownership, holding, or control, acquire or own any interest in, or right to any benefit from, any lease of land in the naval petroleum, naval oil shale, or other naval fuel reserves made under sections 181-184, 185-188, 189-194 201, 202-209, 211-214, 223, 224-226,226d, 226e, 227-229a, 241,251, and 261-263 of title 30, or under 41 Stat. 43-7. this chapter. "(b) The Secretary of the Navy may cancel any lease for any violation of this section." (12) Section 7438 is amended to read as follows: Rifle, Colo.; demonstration '*§ 7438. Rifle, Colorado, Plant; possession, use, and transfer of facility. Possession "(a) The Secretary of the Interior shall take possession of the and u s e. experimental demonstration facility near Rifle, Colorado^ which was constructed and operated by the Department of the Interior on lands on or near the naval oil shale reserves under the Act of April 5, 1944, 30 USC 321-325. chapter 172 (58 Stat. 190), as amended. "(b) The Secretary of the Interior, subject to the approval of the President, shall by contract, lease, or otherwise encourage the use of the facility described in subsection (a) above in research, development, test, evaluation, and demonstration work. For such purposes the Secretary of the Interior may use, lease for use by institutions, organizations, or individuals, public or private, or transfer by letter to the Secretary of the Navy the facility described in subsection (a) above and may construct, install, and operate, or lease for operation additional experimental facilities on such lands. The Secretary of the Interior may, after consultation by the Secretary of the Navy with the Committees on Armed Services of the Senate and the House of Representatives, mine and remove, or authorize the mining and removal, of any oil shale or products therefrom from lands in the naval oil shale reserves that may be needed for such experimentation. " (c) Nothing herein contained shall be construed— "(1) to authorize the commercial development and operation of the naval oil shale reserves by the Government in competition with private industry; or " (2) in diminution of the responsibility of the Secretary of the Navy in providing oil shale and products therefrom for needs of national defense." (13) The analysis of chapter 641 is amended as follows: I n the last line after the figure "7438" delete the words "Exclusion of naval oil shale reserves" and insert in lieu thereof the words "Rifle, Colorado, plant; possession, use, and transfer of." Approved October 11, 1962.

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