-CITE-

42 USC CHAPTER 95 - UNITED STATES SYNTHETIC FUELS

CORPORATION 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

-HEAD-

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

-End-

-CITE-

42 USC Sec. 8701 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

-HEAD-

Sec. 8701. Omitted

-COD-

CODIFICATION

Section, Pub. L. 96-294, title I, Sec. 100, June 30, 1980, 94

Stat. 616, which related to Congressional findings, declarations,

and purposes, was omitted from the Code in view of termination of

United States Synthetic Fuels Corporation. See note set out under

section 8791 of this title.

-End-

-CITE-

42 USC SUBCHAPTER I - INTRODUCTORY PROVISIONS 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER I - INTRODUCTORY PROVISIONS

-HEAD-

SUBCHAPTER I - INTRODUCTORY PROVISIONS

-End-

-CITE-

42 USC Sec. 8702 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER I - INTRODUCTORY PROVISIONS

-HEAD-

Sec. 8702. Omitted

-COD-

CODIFICATION

Section, Pub. L. 96-294, title I, Sec. 112, June 30, 1980, 94

Stat. 633, which defined terms for this chapter, was omitted from

the Code in view of termination of United States Synthetic Fuels

Corporation. See note set out under section 8791 of this title.

-End-

-CITE-

42 USC SUBCHAPTER II - ESTABLISHMENT OF CORPORATION 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER II - ESTABLISHMENT OF CORPORATION

-HEAD-

SUBCHAPTER II - ESTABLISHMENT OF CORPORATION

-End-

-CITE-

42 USC Secs. 8711 to 8719 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER II - ESTABLISHMENT OF CORPORATION

-HEAD-

Secs. 8711 to 8719. Omitted

-COD-

CODIFICATION

Sections 8711 to 8719 were omitted from the Code in view of

termination of United States Synthetic Fuels Corporation. See note

set out under section 8791 of this title.

Section 8711, Pub. L. 96-294, title I, Sec. 115, June 30, 1980,

94 Stat. 636, created the Corporation, provided for its offices and

residence status, and referred to its general powers.

Section 8712, Pub. L. 96-294, title I, Sec. 116, June 30, 1980,

94 Stat. 636, provided for board of directors of Corporation.

Section 8713, Pub. L. 96-294, title I, Sec. 117, June 30, 1980,

94 Stat. 638; Pub. L. 98-473, title I, Sec. 101(c) [title II, Sec.

201], Oct. 12, 1984, 98 Stat. 1837, 1860, related to officers and

employees of Corporation.

Section 8714, Pub. L. 96-294, title I, Sec. 118, June 30, 1980,

94 Stat. 638, related to conflicts of interest and financial

disclosure.

Section 8715, Pub. L. 96-294, title I, Sec. 119, June 30, 1980,

94 Stat. 639, related to delegation of authority and transfer of

functions.

Section 8716, Pub. L. 96-294, title I, Sec. 120, June 30, 1980,

94 Stat. 640, authorized administrative expenses.

Section 8717, Pub. L. 96-294, title I, Sec. 121, June 30, 1980,

94 Stat. 641, related to public access to information.

Section 8718, Pub. L. 96-294, title I, Sec. 122, June 30, 1980,

94 Stat. 641, related to Inspector General of Corporation.

Section 8719, Pub. L. 96-294, title I, Sec. 123, June 30, 1980,

94 Stat. 644, established an Advisory Committee to the Board of

Directors. For continuation of Advisory Committee, see section

7404(c) of Pub. L. 99-272, set out as a note under section 8791 of

this title.

-End-

-CITE-

42 USC SUBCHAPTER III - PRODUCTION GOAL OF THE

CORPORATION 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER III - PRODUCTION GOAL OF THE CORPORATION

-HEAD-

SUBCHAPTER III - PRODUCTION GOAL OF THE CORPORATION

-End-

-CITE-

42 USC Secs. 8721 to 8725 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER III - PRODUCTION GOAL OF THE CORPORATION

-HEAD-

Secs. 8721 to 8725. Omitted

-COD-

CODIFICATION

Sections 8721 to 8725 were omitted from the Code in view of

termination of United States Synthetic Fuels Corporation. See note

set out under section 8791 of this title.

Section 8721, Pub. L. 96-294, title I, Sec. 125, June 30, 1980,

94 Stat. 644, established a national synthetic fuel production

goal.

Section 8722, Pub. L. 96-294, title I, Sec. 126, June 30, 1980,

94 Stat. 644, related to production strategy.

Section 8723, Pub. L. 96-294, title I, Sec. 127, June 30, 1980,

94 Stat. 649, related to solicitation of proposals.

Section 8724, Pub. L. 96-294, title I, Sec. 128, June 30, 1980,

94 Stat. 650, related to Congressional disapproval procedure.

Section 8725, Pub. L. 96-294, title I, Sec. 129, June 30, 1980,

94 Stat. 652, related to Congressional approval procedure.

-End-

-CITE-

42 USC SUBCHAPTER IV - FINANCIAL ASSISTANCE 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER IV - FINANCIAL ASSISTANCE

-HEAD-

SUBCHAPTER IV - FINANCIAL ASSISTANCE

-End-

-CITE-

42 USC Secs. 8731 to 8740 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER IV - FINANCIAL ASSISTANCE

-HEAD-

Secs. 8731 to 8740. Omitted

-COD-

CODIFICATION

Sections 8731 to 8740 were omitted from the Code in view of

termination of United States Synthetic Fuels Corporation. See note

set out under section 8791 of this title.

Section 8731, Pub. L. 96-294, title I, Sec. 131, June 30, 1980,

94 Stat. 654, authorized financial assistance.

Section 8732, Pub. L. 96-294, title I, Sec. 132, June 30, 1980,

94 Stat. 658, related to loans made by Corporation.

Section 8733, Pub. L. 96-294, title I, Sec. 133, June 30, 1980,

94 Stat. 660, related to loan guarantees made by Corporation.

Section 8734, Pub. L. 96-294, title I, Sec. 134, June 30, 1980,

94 Stat. 661, related to price guarantees by Corporation.

Section 8735, Pub. L. 96-294, title I, Sec. 135, June 30, 1980,

94 Stat. 661, related to purchase agreements made by Corporation.

Section 8736, Pub. L. 96-294, title I, Sec. 136, June 30, 1980,

94 Stat. 662, related to joint ventures by Corporation.

Section 8737, Pub. L. 96-294, title I, Sec. 137, June 30, 1980,

94 Stat. 663, related to control of assets.

Section 8738, Pub. L. 96-294, title I, Sec. 138, June 30, 1980,

94 Stat. 665, related to unlawful contracts.

Section 8739, Pub. L. 96-294, title I, Sec. 139, June 30, 1980,

94 Stat. 665, related to fees and application of receipts.

Section 8740, Pub. L. 96-294, title I, Sec. 140, June 30, 1980,

94 Stat. 665, related to disposition of securities.

-End-

-CITE-

42 USC SUBCHAPTER V - CORPORATION CONSTRUCTION PROJECTS 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER V - CORPORATION CONSTRUCTION PROJECTS

-HEAD-

SUBCHAPTER V - CORPORATION CONSTRUCTION PROJECTS

-End-

-CITE-

42 USC Secs. 8741 to 8745 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER V - CORPORATION CONSTRUCTION PROJECTS

-HEAD-

Secs. 8741 to 8745. Omitted

-COD-

CODIFICATION

Sections 8741 to 8745 were omitted from the Code in view of

termination of United States Synthetic Fuels Corporation. See note

set out under section 8791 of this title.

Section 8741, Pub. L. 96-294, title I, Sec. 141, June 30, 1980,

94 Stat. 665, related to construction and operation of synthetic

fuel projects.

Section 8742, Pub. L. 96-294, title I, Sec. 142, June 30, 1980,

94 Stat. 666, limited construction projects.

Section 8743, Pub. L. 96-294, title I, Sec. 143, June 30, 1980,

94 Stat. 666, subjected construction projects and joint ventures to

certain Federal laws and provided for monitoring of environmental

and health related emissions.

Section 8744, Pub. L. 96-294, title I, Sec. 144, June 30, 1980,

94 Stat. 667, related to construction project reports.

Section 8745, Pub. L. 96-294, title I, Sec. 145, June 30, 1980,

94 Stat. 667, related to financial record requirements for contract

recipients.

-End-

-CITE-

42 USC SUBCHAPTER VI - CAPITALIZATION AND FINANCE 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER VI - CAPITALIZATION AND FINANCE

-HEAD-

SUBCHAPTER VI - CAPITALIZATION AND FINANCE

-End-

-CITE-

42 USC Secs. 8751 to 8755 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER VI - CAPITALIZATION AND FINANCE

-HEAD-

Secs. 8751 to 8755. Omitted

-COD-

CODIFICATION

Sections 8751 to 8755 were omitted from the Code in view of

termination of United States Synthetic Fuels Corporation. See note

set out under section 8791 of this title.

Section 8751, Pub. L. 96-294, title I, Sec. 151, June 30, 1980,

94 Stat. 667, related to issue by Corporation of obligations

purchasable by United States only.

Section 8752, Pub. L. 96-294, title I, Sec. 152, June 30, 1980,

94 Stat. 668, related to limitations on total amount of

obligational authority.

Section 8753, Pub. L. 96-294, title I, Sec. 153, June 30, 1980,

94 Stat. 669, related to budgetary treatment.

Section 8754, Pub. L. 96-294, title I, Sec. 154, June 30, 1980,

94 Stat. 669, related to receipts of Corporation.

Section 8755, Pub. L. 96-294, title I, Sec. 155, June 30, 1980,

94 Stat. 669, related to tax status of Corporation.

-End-

-CITE-

42 USC SUBCHAPTER VII - UNLAWFUL ACTS, PENALTIES, AND

SUITS AGAINST THE CORPORATION 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER VII - UNLAWFUL ACTS, PENALTIES, AND SUITS AGAINST THE

CORPORATION

-HEAD-

SUBCHAPTER VII - UNLAWFUL ACTS, PENALTIES, AND SUITS AGAINST THE

CORPORATION

-End-

-CITE-

42 USC Secs. 8761 to 8768 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER VII - UNLAWFUL ACTS, PENALTIES, AND SUITS AGAINST THE

CORPORATION

-HEAD-

Secs. 8761 to 8768. Omitted

-COD-

CODIFICATION

Sections 8761 to 8768 were omitted from the Code in view of

termination of United States Synthetic Fuels Corporation. See note

set out under section 8791 of this title.

Section 8761, Pub. L. 96-294, title I, Sec. 161, June 30, 1980,

94 Stat. 670, related to penalty for false statements.

Section 8762, Pub. L. 96-294, title I, Sec. 162, June 30, 1980,

94 Stat. 670, related to penalty for forgery.

Section 8763, Pub. L. 96-294, title I, Sec. 163, June 30, 1980,

94 Stat. 671, related to penalties and injunctive relief for

misappropriation of funds and for unauthorized activities.

Section 8764, Pub. L. 96-294, title I, Sec. 164, June 30, 1980,

94 Stat. 671, related to penalty for conspiracy.

Section 8765, Pub. L. 96-294, title I, Sec. 165, June 30, 1980,

94 Stat. 672, related to deceptive use of corporate name.

Section 8766, Pub. L. 96-294, title I, Sec. 166, June 30, 1980,

94 Stat. 672, authorized an action for damages by Corporation in

addition to penalties prescribed for violations.

Section 8767, Pub. L. 96-294, title I, Sec. 167, June 30, 1980,

94 Stat. 672, related to actions by Attorney General.

Section 8768, Pub. L. 96-294, title I, Sec. 168, June 30, 1980,

94 Stat. 672; Pub. L. 98-473, title I, Sec. 101(c) [title II, Sec.

201], Oct. 12, 1984, 98 Stat. 1837, 1860, related to civil actions

against Corporation.

-End-

-CITE-

42 USC SUBCHAPTER VIII - GENERAL PROVISIONS 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER VIII - GENERAL PROVISIONS

-HEAD-

SUBCHAPTER VIII - GENERAL PROVISIONS

-End-

-CITE-

42 USC Secs. 8771 to 8780 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER VIII - GENERAL PROVISIONS

-HEAD-

Secs. 8771 to 8780. Omitted

-COD-

CODIFICATION

Sections 8771 to 8780 were omitted from the Code in view of

termination of United States Synthetic Fuels Corporation. See note

set out under section 8791 of this title.

Section 8771, Pub. L. 96-294, title I, Sec. 171, June 30, 1980,

94 Stat. 673, related to general powers of Corporation.

Section 8772, Pub. L. 96-294, title I, Sec. 172, June 30, 1980,

94 Stat. 674, related to coordination by Corporation with Federal

entities.

Section 8773, Pub. L. 96-294, title I, Sec. 173, June 30, 1980,

94 Stat. 675, related to patents.

Section 8774, Pub. L. 96-294, title I, Sec. 174, June 30, 1980,

94 Stat. 676, related to utilization of small and disadvantaged

businesses.

Section 8775, Pub. L. 96-294, title I, Sec. 175, June 30, 1980,

94 Stat. 676; Pub. L. 98-426, Sec. 27(d)(2), Sept. 28, 1984, 98

Stat. 1654, provided relationship to other Federal laws.

Section 8776, Pub. L. 96-294, title I, Sec. 176, June 30, 1980,

94 Stat. 678, provided for severability of provisions.

Section 8777, Pub. L. 96-294, title I, Sec. 177, June 30, 1980,

94 Stat. 678, specified Corporation's fiscal year and provided for

audits and reports.

Section 8778, Pub. L. 96-294, title I, Sec. 178, June 30, 1980,

94 Stat. 679, related to water rights.

Section 8779, Pub. L. 96-294, title I, Sec. 179, June 30, 1980,

94 Stat. 679, related to Western Hemisphere projects.

Section 8780, Pub. L. 96-294, title I, Sec. 180, June 30, 1980,

94 Stat. 680, related to a lender financial protection and

completion guarantee study.

-End-

-CITE-

42 USC SUBCHAPTER IX - DISPOSAL OF ASSETS 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER IX - DISPOSAL OF ASSETS

-HEAD-

SUBCHAPTER IX - DISPOSAL OF ASSETS

-End-

-CITE-

42 USC Secs. 8781, 8782 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER IX - DISPOSAL OF ASSETS

-HEAD-

Secs. 8781, 8782. Omitted

-COD-

CODIFICATION

Sections 8781 and 8782 were omitted from the Code in view of

termination of United States Synthetic Fuels Corporation. See note

set out under section 8791 of this title.

Section 8781, Pub. L. 96-294, title I, Sec. 181, June 30, 1980,

94 Stat. 680, related to disposal of corporate tangible assets.

Section 8782, Pub. L. 96-294, title I, Sec. 182, June 30, 1980,

94 Stat. 681, related to disposal of assets other than as provided

for in section 8781.

-End-

-CITE-

42 USC SUBCHAPTER X - TERMINATION OF CORPORATION 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER X - TERMINATION OF CORPORATION

-HEAD-

SUBCHAPTER X - TERMINATION OF CORPORATION

-End-

-CITE-

42 USC Secs. 8791 to 8793 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER X - TERMINATION OF CORPORATION

-HEAD-

Secs. 8791 to 8793. Omitted

-COD-

CODIFICATION

Sections 8791 to 8793 were omitted from the Code in view of

termination of United States Synthetic Fuels Corporation. See note

below.

Section 8791, Pub. L. 96-294, title I, Sec. 191, June 30, 1980,

94 Stat. 681, related to dates for termination of awards or

commitments by Corporation.

Section 8792, Pub. L. 96-294, title I, Sec. 192, June 30, 1980,

94 Stat. 681, related to termination of Corporation's affairs.

Section 8793, Pub. L. 96-294, title I, Sec. 193, June 30, 1980,

94 Stat. 681, transferred Corporation's powers to Department of the

Treasury.

-MISC1-

TERMINATION OF UNITED STATES SYNTHETIC FUELS CORPORATION

Pub. L. 99-272, title VII, subtitle E, Apr. 7, 1986, 100 Stat.

143, as amended by Pub. L. 101-508, title VI, Sec. 6401, Nov. 5,

1990, 104 Stat. 1388-319, provided that:

"SEC. 7401. SHORT TITLE.

"This subtitle may be cited as the 'Synthetic Fuels Corporation

Act of 1985'.

"SEC. 7402. CESSATION OF FINANCIAL ASSISTANCE AUTHORITY.

"Effective on the date of enactment of this Act [Apr. 7, 1986],

the United States Synthetic Fuels Corporation (hereafter in this

subtitle referred to as the 'Corporation') may not make any legally

binding awards or commitments for financial assistance (including

any changes in an existing award or commitment) pursuant to the

Energy Security Act [Pub. L. 96-294; see Short Title note set out

under section 8801 of this title] for synthetic fuel project

proposals, except that nothing in this Act [see Tables for

classification] shall impair or alter the powers, duties, rights,

obligations, privileges, or liabilities of the Corporation, its

Board or Chairman, or project sponsors in the performance and

completion of the terms and undertakings of a legally binding award

or commitment entered into prior to the date of enactment of this

Act.

"SEC. 7403. TERMINATION OF THE CORPORATION.

"(a) Within 60 days of the date of enactment of this Act [Apr. 7,

1986], the Directors of the Corporation shall terminate their

duties under the Energy Security Act [Pub. L. 96-294; see Short

Title note set out under section 8801 of this title] and be

discharged.

"(b) Within 120 days of the date of enactment of this Act [Apr.

7, 1986], the Corporation shall terminate, except as otherwise

provided in this subtitle, in accordance with subtitle J of part B

of title I of the Energy Security Act [42 U.S.C. 8791 to 8793].

"SEC. 7404. DUTIES OF SECRETARY OF THE TREASURY.

"(a) Within 60 days of the date of enactment of this Act [Apr. 7,

1986] (or earlier, in the event of absence of a Chairman of the

Board of Directors of the Corporation), the Secretary of the

Treasury shall assume the duties of the Chairman of the Board of

Directors of the Corporation. The Secretary of the Treasury shall

have the authority to negotiate and execute agreements modifying an

existing contract relating to the production of synthetic crude oil

from oil shale, entered into under the Defense Production Act

Amendments of 1980 [Pub. L. 96-294, title I, part A, see Short

Title of 1980 Amendment note set out under section 2061 of Title

50, Appendix, War and National Defense] and subsequently

transferred to the Secretary of the Treasury for administration,

provided the terms and conditions of any modification(s) are

revenue neutral or result in a fiscal savings to the United States

Government, and in no event would increase the financial exposure

of the United States Government under the contract: Provided,

however, That the Secretary of the Treasury shall have no authority

to increase the total amount of funds originally authorized for the

existing contract: And provided further, That the Secretary shall

have no authority to negotiate and execute any agreement modifying

the existing contract if such modification(s) would increase or

accelerate the financial support per unit for the synthetic fuel to

be produced under the contract.

"(b) Notwithstanding any other provision of law, the duties and

responsibilities of the Secretary of the Treasury under subtitle J

of part B of title I of the Energy Security Act [42 U.S.C. 8791 to

8793] or this Act [see Tables for classification] may not be

transferred to any other Federal department or agency.

"(c) Notwithstanding such termination of the Corporation, the

Advisory Committee established under section 123 of the Energy

Security Act (42 U.S.C 8719) shall remain in effect to advise the

Secretary of the Treasury regarding the administration of any

contract or obligation of the Corporation pursuant to subtitle D of

part B of title I of such Act [42 U.S.C. 8731 to 8740].

"(d) To the extent that the Secretary of the Treasury may be

required to take an action under section 131(q) of the Energy

Security Act [42 U.S.C. 8731(q)] in connection with an award or

commitment of financial assistance under such Act [Pub. L. 96-294;

see Short Title note set out under section 8801 of this title], the

Secretary shall complete such action within 30 days of the date of

enactment of this Act [Apr. 7, 1986].

"SEC. 7405. SALARIES AND COMPENSATION RIGHTS.

"(a) The Director of the Office of Personnel Management shall,

before February 1, 1986, determine the amount of compensation or

benefits which each Director, officer, or employee of the

Corporation shall be legally entitled to under any contract as of

the date of enactment of this Act [Apr. 7, 1986].

"(b) Effective on the date of enactment of this Act [Apr. 7,

1986], no change in any Director, officer, or employee compensation

or benefits shall be allowed or permitted, unless the Director of

the Office of Personnel Management agrees that such change is

reasonable.

"(c) Effective on the date of enactment of this Act [Apr. 7,

1986] -

"(1) no officer or employee of the Corporation shall receive a

salary in excess of the rate of basic pay payable for level IV of

the Executive Schedule under title 5 of the United States Code;

and

"(2) the Corporation shall not waive any requirements in its

By-Laws which are necessary for a Director, officer, or employee

to qualify for pension or termination benefits under the By-Laws

and written personnel policies and procedures in effect on the

date of enactment of this Act [Apr. 7, 1986].

"SEC. 7406. REPORT TO THE CONGRESS.

"The Corporation shall, within 60 days of the date of enactment

of this Act [Apr. 7, 1986], transmit to the Committee on Energy and

Natural Resources of the Senate and to the Committee on Energy and

Commerce and Committee on Banking, Housing and Urban Affairs of the

House of Representatives a report -

"(1) containing a review of implementation of its Phase I

Business Plan dated February 19, 1985; and

"(2) fulfilling the requirements of section 126(b)(3) of the

Energy Security Act (42 U.S.C. 8722(b)(3))."

Similar provisions were contained in Pub. L. 99-190, Sec. 101(d)

[title II, Sec. 201], Dec. 19, 1985, 99 Stat. 1224, 1249.

-End-

-CITE-

42 USC SUBCHAPTER XI - DEPARTMENT OF THE TREASURY 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER XI - DEPARTMENT OF THE TREASURY

-HEAD-

SUBCHAPTER XI - DEPARTMENT OF THE TREASURY

-End-

-CITE-

42 USC Sec. 8795 01/06/03

-EXPCITE-

TITLE 42 - THE PUBLIC HEALTH AND WELFARE

CHAPTER 95 - UNITED STATES SYNTHETIC FUELS CORPORATION

SUBCHAPTER XI - DEPARTMENT OF THE TREASURY

-HEAD-

Sec. 8795. Omitted

-COD-

CODIFICATION

Section, Pub. L. 96-294, title I, Sec. 195, June 30, 1980, 94

Stat. 682, which authorized appropriations to purchase corporate

obligations and authorized public debt status for purchases and

redemptions of corporate obligations, was omitted from the Code in

view of termination of United States Synthetic Fuels Corporation.

See note set out under section 8791 of this title.

-End-