Authorization for sale or lease of uranium and plutonium; amounts; lien for nonpayment; uranium enrichment services

42 U.S.C. § 2294
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Pursuant to the provisions of section 2074 of this title, there is hereby authorized for sale or lease to the Community— an amount of contained uranium 235 which does not exceed that necessary to support the fuel cycle of power reactors located within the Community having a total installed capacity of thirty-five thousand megawatts of electric energy, together with twenty-five thousand kilograms of contained uranium 235 for other purposes; one thousand five hundred kilograms of plutonium; and thirty kilograms of uranium 233; in accordance with the provisions of an agreement or agreements for cooperation between the Government of the United States and the Community entered into pursuant to the provisions of section 2153 of this title: Provided, That the Government of the United States obtains the equivalent of a first lien on any such material sold to the Community for which payment is not made in full at the time of transfer. The Commission may enter into contracts to provide, after December 31, 1968, for the producing or enriching of all, or part of, the above-mentioned contained uranium 235 pursuant to the provisions of section 2201(v)(B) of this title in lieu of sale or lease thereof.

Starting a business? Corpus forms LLCs in all 50 states and DC.