Sec. 201. General authorities
239 words·~1 min read·
/bill/119/hr/7126/ih/section-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
To the extent necessary to develop, operate, or maintain the Reserve, the Reserve may— issue rules, regulations, or orders; acquire by purchase land or interests in land for the location of storage and related facilities; construct, purchase, lease, or otherwise acquire storage and related facilities; use, lease, maintain, sell, or otherwise dispose of land or interests in land, or of storage and related facilities acquired under this Act, under such terms and conditions as the Board considers necessary or appropriate; acquire, subject to the requirements of this Act, by purchase, exchange, or otherwise, critical minerals or materials for storage; store critical minerals or materials in storage facilities owned and controlled by the United States or in storage facilities owned by authorized intermediaries if the Reserve has sufficient contractual certainty of access to the critical minerals and materials and those facilities are subject to audit by the United States; execute contracts with private entities for the storage of critical minerals and materials at storage facilities owned by private entities if the Reserve has sufficient contractual certainty of access to those critical minerals and materials and those facilities are subject to audit by the United States; partner with private sector, academia, and Federal agencies to further the purposes of the Reserve, including to advance the development and commercialization of responsible reuse and recycling processes for critical minerals and materials; and execute any contracts necessary to develop, operate, or maintain the Reserve.