Uranium Enrichment Fund Act of 1980

Summary

Uranium Enrichment Fund Act of 1980 - Amends the Atomic Energy Act of 1954 to establish in the United States Treasury a uranium enrichment fund to consist of: (1) all receipts, collections, and recoveries of the Secretary of Energy from the provision of services for the production or enrichment of uranium in the isotope 235, and the sale, lease, distribution, or transfer of uranium and activities incident thereto; (2) all proceeds derived from the sale of bonds by the Secretary pursuant to such Act and from activities incident thereto; (3) the unexpended balance of any funds available prior to the effective date of this Act relating to production or enrichment of uranium; and (4) any appropriations made by Congress to the fund. Sets forth requirements concerning the Secretary's authority to make expenditures from such fund for uranium production and enrichment activities. Authorizes the Secretary to request the investment of funds in excess of current needs by the Secretary of the Treasury in United States obligations. Authorizes the Secretary to issue and sell to the Secretary of the Treasury bonds, notes, and other evidences of indebtedness to assist in financing uranium production and enrichment facilities and activities incident thereto. Requires the Secretary to submit to Congress an annual report containing a comprehensive description of the operation and financial activities of the uranium enrichment fund.

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1 official file

• Introduced in Senate

  summary · EN · 1 August 1980

  Open at official source

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