Page:United States Statutes at Large Volume 95.djvu/407

 PUBLIC LAW 97-35-AUG. 13, 1981

95 STAT. 381

(2) The. authority to enter into contracts for the disposal of materi- Expiration. als in the stockpue under the disposal authorizations contained in subsection (b) expires on September 30, 1983. (3) The authori^ to enter into contracts for the disposal of materi- Expiration. als in the stockpue under the disposal authorizations contained in subsection (c) expires on September 30, 1984. (e) Any disposal under the authority of subsection (a), (b), or (c) shall' be carried out in accordance with the provisions of the S t r a t ^ c and Critical Materials Stock Piling Act (50 U.S.C. 98 et seq.). (fKD The authority contained in subsections (b)(1) and (c)(1) shall not become effective unless the President, not later than September 1, 1982, determines that the silver authorized for disposal by such subsections is excess to the requirements of the stockpile as of that date. (2) A determination by the President under paragraph (1) shall be based upon consideration of such factors as the President considers relevant, including the following factors: (A) The demand for silver in each of the next ten years for the industrial, military, and naval needs of the United States for national defense. (B) The domestic supply of silver for each of the next ten years, as a function of price, that would be available to meet the demand identified under subparagraph (A). (C) The potential dependency of the United States on foreign supplies of silver in each of the next ten years to meet the demand identified under subparagraph (A). (D) The effect of disposal under subsections (b)(1) and (c)(1) on (i) the world silver market (in terms of price and supply), (ii) the domestic and international silver mining industry (in terms of exploration and production), (iii) international currency and monetary policy, and (iv) long range military preparedness. (3) If the President makes a determination described in paragraph Report to (1), he shall promptly report to the Committees on Armed Services of congressional the Senate and House of Representatives that he has made such committees. determination and shall include a detailed discussion and analysis of the factors set forth in paragraph (2) and other relevant factors. AUTHORIZATION OP APPROPRIATIONS

SEC. 202. (a) Effective on October 1, 1981, there is authorized to be so use 98d note. appropriated the sum of $535,000,000 for the acquisition of strategic and critical materials under section 6(a) of the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98e(a)). (b) Any acquisition using funds appropriated under the authorization of subsection (a) shall be carried out in accordance with the provisions of the Strategic and Critical Materials Stock Piling Act (50 lJ.S.C.98etseq.). IMPROVEMENTS IN STOCKPILE MANAGEMENT

SEC. 203. (a) Section 5(a) of the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98d(a)) is amended— (1) by inserting "(1)" after "(a)"; (2) by inserting "and other incidental expenses" after "transportation"; (3) by striking out "for a period of five fiscal years, if so provided in appropriation Acts" and inserting in lieu thereof

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