Page:United States Statutes at Large Volume 94 Part 1.djvu/731

 PUBLIC LAW 96-294—JUNE 30, 1980

94 STAT. 681

(b) For the purpose of this section, the term "tangible asset" means "Tangible asset." any single asset, or aggregation of assets, with a value of $1,000,000 or more. (c) In establishing the acceptable terms and conditions of the sale or transfer of tangible assets constituting a synthetic fuel project, or portion thereof, or a Corporation construction project, or portion thereof, the Board of Directors shall make every reasonable effort— (1) to recover the financial investment, if any, of the Corporation in such assets; (2) to foster competition within the industry to which the assets are to be sold; and (3) to assure that such assets will be productively utilized and, if possible, will continue in operation. (d) With regard to the sale or transfer of tangible assets not included under subsection (c), the Corporation shall establish terms and conditions for the sale or transfer of such tangible assets in order to achieve the greatest financial return to the Corporation. DISPOSAL OF OTHER ASSETS

SEC. 182. Except as provided for in section 181, the Corporation is 42 USC 8782. authorized, from time to time, (1) consistent with the requirements of the Federal Property and Administrative Services Act, to sell to any person any portion of the assets of the Corporation, or (2) transfer to a Federal agency any portion or all of the assets of the Corporation. SUBTITLE J—TERMINATION OP CORPORATION DATE OF TERMINATION

SEC. 191. Notwithstanding any other provision of this title— 42 USC 8791. (1) the Corporation shall msdce no new awards or commitments for financial assistance under subtitle D for synthetic fuel Ante, p. 654. projects after September 30, 1992; and (2) the Corporation shall terminate on September 30, 1997: Provided, however, That the President, on recommendation of the Board of Directors, may by Executive order terminate the Corporation at an earlier date, but in no event prior to September 30, 1992. TERMINATION OF THE CORPORATION'S AFFAIRS

SEC. 192. (a) On and after the final commitment date under section 42 USC 8792. 191(1), the Board of Directors shall diligently commence all practical and reasonable steps to achieve an orderly termination of the Corporation's affairs on or prior to its date of termination pursuant to section 191(2). (b) The steps taken pursuant to subsection (a) may include the disposal of the tangible assets of the Corporation pursuant to section 181 and the disposal of other assets pursuant to section 182. (c) On termination of the Corporation, any contract or obligation for financial assistance pursuant to subtitle D shall be administered pursuant to section 193. TRANSFER OF POWERS TO DEPARTMENT OF THE TREASURY

SEC. 193. (a) If, on the date of termination of the Corporation, its 42 USC 8793. Board of Directors shall not have completed the termination of its

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