Sec. 3303. DISPOSAL OF CERTAIN MATERIALS IN NATIONAL DEFENSE STOCKPILE
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## SEC. 3303 DISPOSAL OF CERTAIN MATERIALS IN NATIONAL DEFENSE STOCKPILE **[**[50 U.S.C. 98d note](/us/usc/t50/s98d)**]** ###
(a)Disposal Required Subject to subsection (c), the President shall dispose of materials contained in the National Defense Stockpile and specified in the table in subsection
(b)so as to result in receipts to the United States in total amounts not less than— ####
(1)$81,000,000 during fiscal year 1997; and ####
(2)$720,000,000 during the 12-fiscal year period ending September 30, 2008. ###
(b)Limitations on Disposal Authority ####
(1)The total quantities of materials authorized for disposal by the President under subsection
(a)may not exceed the amounts set forth in the following table: **Authorized Stockpile Disposals** **Material for disposal ** **Quantity** Aluminum 62,881 short tonsCobalt 26,000,000 pounds containedColumbium Ferro 930,911 pounds containedGermanium Metal 40,000 kilogramsIndium 35,000 troy ouncesPalladium 15,000 troy ouncesPlatinum 10,000 troy ouncesRubber, Natural 125,138 long tonsTantalum, Carbide Powder 6,000 pounds containedTantalum, Minerals 750,000 pounds containedTantalum, Oxide 40,000 pounds contained ####
(2)The President may not dispose of materials under this section during the period referred to in subsection (a)(2) in excess of the disposals necessary to result in receipts during that period in the total amount specified in such subsection. ###
(c)Minimization of Disruption and Loss The President may not dispose of materials under subsection
(a)to the extent that the disposal will result in— ####
(1)undue disruption of the usual markets of producers, processors, and consumers of the materials proposed for disposal; or ####
(2)avoidable loss to the United States. ###
(d)Treatment of Receipts Notwithstanding section 9 of the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98h), funds received as a result of the disposal of materials under subsection
(a)shall be— ####
(1)deposited into the general fund of the Treasury; and ####
(2)to the extent necessary, used to offset the revenues that will be lost as a result of execution of the amendments made by section 4303(a) of the National Defense Authorization Act for Fiscal Year 1996 (Public Law 104–106; 110 Stat. 658). ###
(e)Qualifying Offsetting Legislation This section is specifically enacted as qualifying offsetting legislation for the purpose of offsetting fully the estimated revenues lost as a result of the amendments made by subsection
(a)of section 4303 of the National Defense Authorization Act for Fiscal Year 1996 (Public Law 104–106; 110 Stat. 658), and as such is deemed to satisfy the conditions in subsection
(b)of such section. ###
(f)Relationship to Other Disposal Authority The disposal authority provided in subsection
(a)is new disposal authority and is in addition to, and shall not affect, any other disposal authority provided by law regarding the materials specified in such subsection.
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- Pub. L. 104-106
- 110 Stat. 658
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Sec. 3303
DISPOSAL OF CERTAIN MATERIALS IN NATIONAL DEFENSE STOCKPILE
Pub. L.Pub. L. 104-106
Stat.110 Stat. 658
Cites 4Cited by 0 across 0 sources