
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: 42USC7274l]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                    CHAPTER 84--DEPARTMENT OF ENERGY
 
                SUBCHAPTER VI--ADMINISTRATIVE PROVISIONS
 
                Part C--General Administrative Provisions
 
Sec. 7274l. Authority to transfer certain Department of Energy 
        property
        

(a) Authority to transfer

    (1) Notwithstanding any other provision of law, the Secretary of 
Energy may transfer, for consideration, all right, title, and interest 
of the United States in and to the property referred to in subsection 
(b) of this section to any person if the Secretary determines that such 
transfer will mitigate the adverse economic consequences that might 
otherwise arise from the closure of a Department of Energy facility.
    (2) The amount of consideration received by the United States for a 
transfer under paragraph (1) may be less than the fair market value of 
the property transferred if the Secretary determines that the receipt of 
such lesser amount by the United States is in accordance with the 
purpose of such transfer under this section.
    (3) The Secretary may require any additional terms and conditions 
with respect to a transfer of property under paragraph (1) that the 
Secretary determines appropriate to protect the interests of the United 
States.

(b) Covered property

    Property referred to in subsection (a) of this section is the 
following property of the Department of Energy that is located at a 
Department of Energy facility to be closed or reconfigured:
        (1) The personal property and equipment at the facility that the 
    Secretary determines to be excess to the needs of the Department of 
    Energy.
        (2) Any personal property and equipment at the facility (other 
    than the property and equipment referred to in paragraph (1)) the 
    replacement cost of which does not exceed an amount equal to 110 
    percent of the costs of relocating the property or equipment to 
    another facility of the Department of Energy.

(Pub. L. 103-160, div. C, title XXXI, Sec. 3155, Nov. 30, 1993, 107 
Stat. 1953.)

                          Codification

    Section was enacted as part of the National Defense Authorization 
Act for Fiscal Year 1994, and not as part of the Department of Energy 
Organization Act which comprises this chapter.
