Page:United States Statutes at Large Volume 93.djvu/354

 93 STAT. 322

Stockpile materials, transference at fair market value.

Acquisition or disposal, waiver. Notification to congressional committees.

Proposed disposal; notification to congressional committees. Leasehold interests in property, acquisition.

PUBLIC LAW 96-41—JULY 30, 1979 materials from, the stockpile when acquisition or disposal by barter is authorized by law and is practical and in the best interest of the United States. "(2) Materials in the stockpile, the disposition of which is authorized by law, shall be available for transfer at fair market value as payment for expenses (including transportation and other incidental expenses) of acquisition of materials, or of refining, processing, or rotating materials, under this Act. "(3) To the extent otherwise authorized by law, property owned by the United States may be bartered for materials needed for the stockpile. "(d)(1) The President may waive the applicability of any provision of the first sentence of subsection (b) to any acquisition of material for, or disposal of materigil from, the stockpile. Whenever the President waives any such provision with respect to any such acquisition or disposal, or whenever the President determines that the application of paragraph (1), (2), or (3) of such subsection to a particular acquisition or disposal is not feasible, the President shall notify the Committees on Armed Services of the Senate and House of Representatives in writing of the proposed acquisition or disposal at least thirty days before any obligation of the United States is incurred in connection with such acquisition or disposal and shall include in such notification the reasons for not complying with any provision of such subsection. "(2) Materials in the stockpile may be disposed of under subsection (a)(5) only if the Committees on Armed Services of the Senate and House of Representatives are notified in writing of the proposed disposal at least thirty days before any obligation of the United States is incurred in connection with such disposal. "(e) The President may acquire leasehold interests in property, for periods not in excess of twenty years, for storage, security, and maintenance of materials in the stockpile. SPECIAL DISPOSAL AUTHORITY OF THE PRESIDENT

50 USC 98f

Report to congressional committees.

"SEC. 7. (a) Materials in the stockpile may be released for use, sale, or other disposition— "(1) on the order of the President, at any time the President determines the release of such materials is required for purposes of the national defense; and "(2) in time of war declared by the Congress or during a national emergency, on the order of any officer or employee of the United States designated by the President to have authority to issue disposal orders under this subsection, if such officer or employee determines that the release of such materials is required for purposes of the national defense. "(b) Any order issued under subsection (a) shall be promptly reported by the President, or by the officer or employee issuing such order, in writing, to the Committees on Armed Services of the Senate and House of Representatives, MATERIALS DEVELOPMENT AND RESEARCH

Investigations. 50 USC 98g.

"SEC. 8. (a)(1) The President shall make scientific, technologic, and economic investigations concerning the development, mining, preparation, treatment, and utilization of ores and other mineral substances that (A) are found in the United States, or in its territories or possessions, (B) are essential to the national defense, industrial, and

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