Page:United States Statutes at Large Volume 78.djvu/645

 78 STAT. ]

603

PUBLIC LAW 88-489-AUG. 26, 1964

rity and the national welfare, and to provide continued assurance ^f the Government's ability to enter into and enforce agreements with nations or groups of nations for the control of special nuclear materials and atomic weapons." SEC. 4. Section 52 of the Atomic Energy Act of 1954, as amended, is repealed. All rights, title, and interest in and to any special nuclear material vested in the United States solely by virtue of the provisions of the first sentence of such section 52, and not by any other transaction authorized by the Atomic Energy Act of 1954, as amended, or other applicable law, are hereby extinguished. SEC. 5. Subsection 53 a. of the Atomic Energy Act of 1954, as amended, between the words *'The Commission" and "such material" is amended to read as follows: "a. The Commission is authorized (i) to issue licenses to transfer or receive in interstate commerce, transfer, deliver, acquire, possess, own, receive possession of or title to, import, or export under the terms of an agreement for cooperation arranged pursuant to section 123, special nuclear material, (ii) to make special nuclear material available for the period of the license, and, (iii) to distribute special nuclear material within the United States to qualified applicants requesting such material—" SEC. 6. Subsection 53 c. of ihe Atomic Energy Act of 1954, as amended, is amended to read as f ollows: "c. (1) The Commission may distribute special nuclear material licensed under this section by sale, lease, lease with option to buy, or grant: Provided, however, That unless otherwise autnorized by law, the Commission shall not after December 31, 1970, distribute special nuclear material except by sale to any person who possesses or operates a utilization facility under a license issued pursuant to section 103 or 104 b. for use in the course of activities under such license; nor shall the Commission permit any such person after June 30, 1973, to continue leasing for use in the course of such activities special nuclear material previously leased to such person by the Commission. "(2) The Commission shall establish reasonable sales prices for the special nuclear material licensed and distributed by sale under this section. Such sales prices shall be established on a nondiscriminatory basis which, in the opinion 'of the Commission, will provide reasonable conipensaton to the Government for such special nuclear material. "(3) The Commission is authorized to enter into agreements with licensees for such period of time as the Commission may deem necessarv or desirable to distribute to such licensees such quantities of special nuclear material as may be necessary for the conduct of the licensed activity. I n such agreements, the Commission may agree to repurchase any special nuclear material licensed and distributed by sale which is not consumed in the course of the licensed activity, or any uranium remaining after irradiation of such special nuclear material, at a repurchase price not to exceed the Commission's sale price for comparable special nuclear material or uranium in effect at the time of delivery of such material to the Commission. "(4) The Commission may make a reasonable charge, determined pursuant to this section, for the use of special nuclear material licensed and distributed by lease under subsection 53 a. (1), (2) or (4) and shall make a reasonable charge determined pursuant to this section for the use of special nuclear material licensed and distributed by lease under subsection 53 a. (3). The Commission shall establish criteria in writing for the determination of whether special nuclear

Repeal. 42 USC 2072.

Nuclear material, licenses. 42 USC 2073.

42 USC 2153.

Distribution.

42 USC 2133, 2134.

Agreements,

eharges. 68 Stat. 930. 42 USC 2073.

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