Page:United States Statutes at Large Volume 94 Part 1.djvu/683

 PUBLIC LAW 96-294—JUNE 30, 1980

94 STAT. 633

"(C) Any sums appropriated pursuant to this paragraph which have not been expended or obligated pursuant to subparagraph (B) as of the date determined under section 305(k)(l) or are not required to Ante, p. 619. be retained as a reserve against a contingent obligation as specified in subparagraph (B), shall be transferred to the Energy Security Reserve and made available to the Secretary of the Treasury for the United States Sjmthetic Fuels Corporation pursuant to section 195 of the United States Synthetic Fuels Corporation Act of 1980. Post, p. 682. "(3) There are hereby authorized to be appropriated such sums as may be necessary to carry out the provisions of section 305(k)(2).". (b) The first sentence of section 717(a) of the Defense Production Act of 1950 (50 U.S.C. App. 2166(a)) is amended by striking out "August 27, 1980" and inserting in lieu thereof "September 30, 1981". (c) Section 701(d) of the Defense Production Act of 1950 (50 U.S.C. App. 2151(d)) is amended by striking out "Defense Production Act Amendments of 1955" and inserting in lieu thereof "Defense Production Act Amendments of 1980" REPORTS

SEC. 106. Beginning one year after the effective date of this part, and annually thereafter, the President shall submit a report to the Congress on actions taken under sections 305 and 306 of the Defense Production Act of 1950. EFFECTIVE DATE

50 USC app. 2096a. Ante, pp. 619, 623.

SEC. 107. The amendments made by this part shall take effect on the date of the enactment of this part.

50 USC app. 2062 note.

Part B—United States Synthetic Fuels Corporation

United States Synthetic Fuels eorporation Act of 1980.

SUBTITLE A—GENERAL PROVISIONS SHORT TITLE

SEC. 111. This part may be cited as the "United States Synthetic Fuels Corporation Act of 1980"

42 USC 8701 note.

GENERAL DEFINITIONS

SEC. 112. For purposes of this part: (1) The term "Board of Directors" means the Board of Directors of the Corporation, including the Chairman and the six other Directors. (2) The term "Chairman" means the Chairman of the Board of Directors of the Corporation. (3) The term "concern" means any— (A) person; (B) State or political subdivision or governmental entity thereof, or an Indian tribe or tribal organization; (C) multi-State entity which possesses legal powers necessary to carry out activities under this part; (D) foreign government or agency thereof when participating in joint ventures with any entity described in subparagraph (A) or (B); or (E) combination of the aforementioned, which is engaged, or proposes to engage, in a S5aithetic fuel project pursuant to this part.

42 USC 8702.

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