Sec. 6. Economic development in host communities
1,158 words·~5 min read·
/bill/119/s/3441/is/section-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this section: The term certification of permanent cessation of operations means a written certification of the determination of a licensee to permanently cease operations of a civilian nuclear power plant required to be submitted to the Commission under section 50.82 of title 10, Code of Federal Regulations (or successor regulations). The term Commission means the Nuclear Regulatory Commission. The term covered facility means a civilian nuclear power plant for which decommissioning activities will be carried out after the date of enactment of this Act, including— new and existing civilian nuclear power plants for which decommissioning activities have not begun as of that date of enactment; and existing civilian nuclear power plants for which decommissioning activities have begun as of that date of enactment.
The term decommission has the meaning given the term in section 50.2 of title 10, Code of Federal Regulations (or successor regulations). The term host community means a State, unit of Tribal government, or unit of local government, including a county, city, town, village, school district, or special district, that contains a decommissioning civilian nuclear power plant within the boundaries of the State, unit of Tribal government, or unit of local government, as determined by the Secretary.
The term host community economic recovery account means a host community economic recovery account established by the Secretary under subsection (b)(1). The term licensee has the meaning given the term in section 50.2 of title 10, Code of Federal Regulations (or a successor regulation). The term nuclear decommissioning trust means a nuclear plant decommissioning trust fund described in section 35.32 of title 18, Code of Federal Regulations (or a successor regulation). The term Secretary means the Secretary of Commerce, acting through the Assistant Secretary of Commerce for Economic Development.
For each covered facility, the Secretary of the Treasury shall establish in the Treasury of the United States an account, to be known as a host community economic recovery account . Each host community economic recovery account shall be administered by the Secretary. Not less frequently than annually, each licensee of a covered facility shall— if a nuclear decommissioning trust has been established for the covered facility, transfer to the Secretary, from that nuclear decommissioning trust, an amount sufficient to ensure that the balance of the host community economic recovery account relating to that covered facility is not less than 2 percent of the sum obtained by adding— the balance of that nuclear decommissioning trust; and the balance of that host community economic recovery account; or if a nuclear decommissioning trust has not been established for the covered facility, transfer to the Secretary an amount sufficient to ensure that the balance of the host community economic recovery account relating to that covered facility is not less than 2 percent of the greater of— the sum obtained by adding— the total amount of financial assurance for decommissioning of that covered facility provided by the licensee using a method other than a nuclear decommissioning trust; and the balance of that host community economic recovery account; and the sum obtained by adding— the applicable minimum amount determined under section 50.75(c) of title 10, Code of Federal Regulations (or a successor regulation), for the covered facility; and the balance of that host community economic recovery account.
Any amounts distributed by the Secretary to host communities under subsection (c)(1) from a host community recovery account shall be considered to be part of the balance of that host community recovery account for purposes of subparagraph (A). Amounts transferred to the Secretary under paragraph
(3)shall be deposited in the applicable host community economic recovery account. Amounts deposited in a host community economic recovery account under subsection (b)(4) shall be used by the Secretary to provide grants to host communities within the boundaries of which the applicable covered facility is located. Amounts provided to a host community under paragraph
(1)shall be used for— economic development planning (as defined by the Secretary); or carrying out a comprehensive economic development strategy (as defined in section 3 of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3122 )). Amounts deposited in a host community economic recovery account under subsection (b)(4) shall be available to the Secretary without appropriation or fiscal year limitation for providing grants in accordance with this section. The Secretary shall begin the process for making grants to applicable host communities under subsection (c)(1) not later than the earlier of— the date that is 5 years before scheduled shutdown of the applicable covered facility; and the date on which the applicable licensee submits to the Commission a certification of permanent cessation of operations with respect to the applicable covered facility. Notwithstanding any other provision of law, the Secretary may not impose a cost-sharing requirement with respect to— a grant provided under subsection (c)(1) to a host community that is a small, rural, or disadvantaged community (as defined in section 4(a)); or any activity carried out by, or for the benefit of, a small, rural, or disadvantaged community (as so defined) using a grant provided under that subsection. In this subsection, the term currently decommissioning facility means a covered facility for which decommissioning activities have begun as of the date of enactment of this Act. Not later than 1 year after the date of enactment of this Act, each licensee of a currently decommissioning facility shall— if a nuclear decommissioning trust has been established for the currently decommissioning facility, transfer to the Secretary, from that nuclear decommissioning trust, an amount equal to 2 percent of the balance of that nuclear decommissioning trust as of that date of enactment for deposit in accordance with subsection (b)(4); or if a nuclear decommissioning trust has not been established for the currently decommissioning facility, transfer to the Secretary, for deposit in accordance with subsection (b)(4), an amount equal to 2 percent of the greater of— the total amount of financial assurance for decommissioning of that covered facility provided by the licensee using a method other than a nuclear decommissioning trust as of that date of enactment; and the applicable minimum amount determined under section 50.75(c) of title 10, Code of Federal Regulations (or a successor regulation), for the covered facility as of that date of enactment. With respect to a currently decommissioning facility, the Secretary shall begin the process for making grants to applicable host communities under subsection (c)(1) not later than 1 year after the date of enactment of this Act. Subsections (b)(3) and (d)(2) shall not apply in the case of a currently decommissioning facility. Not later than 180 days after the date of enactment of this Act, the Commission shall revise such regulations as are necessary (including, if applicable, section 50.75(c) of title 10, Code of Federal Regulations) to ensure, to the maximum extent practicable, that nuclear decommissioning trusts will contain sufficient amounts to carry out this section without compromising the ability of the nuclear decommissioning trust to fund other legitimate decommissioning activities.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 6
Economic development in host communities
Cites 1Cited by 0 across 0 sources