Page:United States Statutes at Large Volume 90 Part 1.djvu/359

 PUBLIC LAW 94-258—APR. 5, 1976 a copy of the report made to him on such investigation together with a certification by him that continued production from such naval petroleum reserve is in the national interest; and "(C) if neither House of Congress within ninety days after receipt of such report and certification adopts a resolution disapproving further production from such naval petroleum reserve. "(3) The production authorization set forth in paragraph (1)(B) of this subsection, in the case of Naval Petroleum Reserve Numbered 1, is conditioned upon the private owner of any lands or interests therein within such reserve agreeing with the Secretary to continue operations of such reserve under a unitized plan contract which adequately protects the public interest; however, if such agreement is not reached within ninety days after the date of enactment of the Naval Petroleum Reserves Production Act of 1976 the Secretary is authorized to exercise the authority for condemnation conferred by section 7425 of this chapter.". (4) The first sentence of section 7423 is amended by deleting "of the Navy" and "or products". (5) Section 7424 is amended— (A) by deleting "of the Navy" in the text of subsection (a) preceding clause (i); (B) by deleting "and oil shale" in subsection (a)(1) in the text preceding subclause (A); and (C) by deleting "in the ground" in clause (1)(A) of subsection (a). (6) Section 7425 is amended by deleting "of the Navy". (7) Section 7426(a) is amended by striking out "the Secretary of the Navy" and inserting in lieu thereof "Subject to the provisions of section 7422(c), the Secretary". (8) The first and second sentences of section 7427 are amended by striking out "of the Navy". (9) Section 7428 is amended by striking out "within the naval petroleum and oil shale reserves shall contain a provision authorizing the Secretary of the Navy" and inserting in lieu thereof "within Naval Petroleum Reserve Numbered 2 and the oil shale reserves shall contain a provision authorizing the Secretary". (10) The first sentence of section 7429 is amended by deleting "of the Navy". (11) The text of section 7430 is amended to read as follows: "(a) In administering the naval petroleum reserves under this chapter, the Secretary shall use, store, or sell the petroleum produced from the naval petroleum reserves and lands covered by joint, unit, or other cooperative plans. "(b) Notwithstanding any other provision of law, each sale of the United States share of petroleum shall be made by the Secretary at public sale to the highest qualified bidder, for periods of not more than one year, at such time, in such amounts, and after such advertising as the Secretary considers proper and without regard to Federal, State, or local regulations controlling sales or allocation of petroleum products. "(c) In no event shall the Secretary permit the award of any contract which would result in any person obtaining control, directly or indirectly, over more than 20 per centum of the estimated annual United States share of petroleum produced from Naval Petroleum Reserve Numbered 1. "(d) Each proposal for sale under this title shall provide that the terms of every sale of the United States share of petroleum from the naval petroleum reserves shall be so structured as to give full and

90 STAT. 309

10 USC 7423. 10 USC 7424.

10 USC 7425. 10 USC 7426. 10 USC 7427. 10 USC 7428.

10 USC 7429. 10 USC 7430.

Public sale.

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