
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: 42USC2366]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
            CHAPTER 24--DISPOSAL OF ATOMIC ENERGY COMMUNITIES
 
                         SUBCHAPTER V--FINANCING
 
Sec. 2366. Conditions of indemnity; purchase of property by 
        Commission
        
    The Commission shall make the indemnity payment specified by section 
2365 of this title only if the Commission receives a notice from the 
then owner of the property that he is about to sell the property for a 
sum less than the unpaid balance of the real or hypothetical loan 
calculated pursuant to such section. Such payment shall be made only 
if--
        (a) notice is given to the Commission at a time when the 
    conditions of section 2364 of this title are satisfied;
        (b) the sale is made within such time as the Commission may 
    prescribe and in a manner which the Commission determined to afford 
    adequate assurance of a fair price without excessive costs; and
        (c) the Commission is given such prior notice of the sale and 
    such opportunity to become a purchaser as it shall prescribe.

In such circumstances the Commission is authorized to purchase the 
property. Sales pursuant to this section and payment by the Commission 
of such amount, if any, as is owing pursuant to sections 2363 to 2366 of 
this title shall end the obligation of the Commission under sections 
2363 to 2366 of this title with respect to that property.

(Aug. 4, 1955, ch. 543, ch. 6, Sec. 66, 69 Stat. 479.)

                          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.

                  Section Referred to in Other Sections

    This section is referred to in sections 2310, 2311, 2326, 2348 of 
this title.
