
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC2311]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
            CHAPTER 24--DISPOSAL OF ATOMIC ENERGY COMMUNITIES
 
                    SUBCHAPTER I--GENERAL PROVISIONS
 
Sec. 2311. Community Disposal Operations Fund


(a) Establishment

    There is established as of June 30, 1956, a Community Disposal 
Operations Fund, and the Commission (or the head of such agency as may 
be carrying out the sales and financing functions of the Commission 
pursuant to a delegation by the President under section 2313 of this 
title) is authorized to credit said fund with all moneys hereafter 
obtained or now held by it and to account under said fund for all assets 
and liabilities held or acquired by it in connection with its sales and 
financing functions under this chapter, and to make temporary advances 
to such fund, from any other funds available for expenses of operations 
of such Commission or agency, as may be required to carry out such 
functions pending the realization of sufficient proceeds under the 
provisions of this chapter: Provided, That any such advances shall be 
repaid to the source appropriation or fund, to the extent of any 
unobligated balances available in the Community Disposal Operations 
Fund, prior to the close of the fiscal year during which such advances 
are made.

(b) Availability

    The Community Disposal Operations Fund shall be available to pay for 
all necessary costs, expenses (including administrative expenses), 
losses or obligations incurred in connection with the aforesaid 
functions, including expenses incident to sale, or other transfer and 
any financing under section 2362 of this title, indemnities under 
sections 2363 to 2366 of this title, and expenses authorized by section 
2310 of this title, and expenses in connection with the defense and 
payment of any claims for breaches of warranties and covenants of title 
of any property disposed of pursuant to this chapter.

(c) Liquidating dividends

    Any amount in said fund which is determined to be in excess of 
requirements for the purposes thereof shall be declared and paid as 
liquidating dividends to the Treasury, not less often than annually.

(Aug. 4, 1955, ch. 543, ch. 11, Sec. 117, 69 Stat. 483; July 25, 1956, 
ch. 731, Sec. 4, 70 Stat. 654.)


                               Amendments

    1956--Act July 25, 1956, amended section generally to establish the 
Community Disposal Operations Fund, to provide for its availability, and 
to require excess amounts to be paid as liquidating dividends to the 
Treasury. Former provisions of this section required that the net 
proceeds derived by the Commission from the disposal of property 
pursuant to this chapter were to be covered into the Treasury.

                          Transfer of Functions

    Atomic Energy Commission abolished and functions transferred by 
sections 5814 and 5841 of this title. See also Transfer of Functions 
notes set out under those sections.
