Page:United States Statutes at Large Volume 94 Part 1.djvu/729

 PUBLIC LAW 96-294—JUNE 30, 1980

94 STAT. 679

annual report containing, in addition to the information required in the quarterly report required under subsection (c)(2), (A) a general description of the Corporation's operations during the year, (B) a specific description of each synthetic fuel project in which the Corporation is involved, (C) a status report on each such project, and (D) an evaluation of the contribution which the project has made and is expected to make in fulfilling the purposes of this title (including, where possible, a precise statement of the amount of domestic energy produced or to be produced thereby). (2) The annual report shall describe progress made toward meeting the purposes (including the national synthetic fuel production goal established in section 125) of this title and contain specific recommen- Ante, p. 644. dations on what actions the Congress could take in order to facilitate the work of the Corporation in achieving the purposes of this title. The annual report shall address the environmental impacts of the Corporation's generic programs and decisions. (3) The annual report shall contain financial statements prepared by the Corporation in accordance with generally accepted accounting principles, consistently applied, and certified by the accountants retained under section (b)(1). (e) On or before September 30, 1990, the Corporation shall submit to the Congress,and the President a report evaluating the overall impact made by the Corporation and describing the status of each then current synthetic fuel project. This report shall contain a liquidation plan. The liquidation plan shall describe how each synthetic fuel project, and every substantial asset or liability of the Corporation, will be liquidated, terminated, satisfied, sold, transferred, or otherwise disposed of Each annual report thereafter made by the Corporation will describe the progress made in carrying out such liquidation plan. WATER RIGHTS

SEC. 178. (a) Nothing in this part shall (1) affect the jurisdiction of 42 USC 8778. the States and the United States over waters of any stream or over any ground water resource, (2) alter, amend, repeal, interpret, modify, or be in conflict with any interstate compact made by any States, or (3) confer upon any non-Federal entity the ability to exercise any Federal right to the waters of any stream or to any ground water resource. O> No project constructed pursuant to the authorities of this part t) shall be considered to be a Federal project for purposes of the application for or assignment of water rights. WESTERN HEMISPHERE PROJECTS

SEC. 179. (a) The Corporation is authorized to transmit a Corpora- 42 USC 8779. tion synthetic fuel action under section 128 relating to an award of Ante, p. 650. financial assistance pursuant to subtitle D for not to exceed two Ante, p. 654. synthetic fuel projects located in the Western Hemisphere outside the United States. If such Corporation synthetic fuel action is not disapproved by either House during the period specified in section 128, the Corporation shall be authorized to award such financial assistance. Ob) The Corporation may use the authority of subsection (a) if the Corporation determines that— (1) the project will use a class of resource that is located in the United States but that such class of resource will not be subject to

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