71STAT.]
409
PUBLIC LAW 85-162-AUG. 21, 1957
SEC. 111. COOPERATIVE POWER REACTOR DEMONSTRATION PROGRAM.—
(a) There is hereby authorized to be appropriated to the Atomic Energy Commission, in accordance with the provisions of section 261 a. (2) of the Atomic Energy Act of 1954, as amended, the s'um of ^^e. p. 274 $129,915,000 for use in a program not to exceed $149,915,000, subject to Conditions. the following conditions: (1) Arrangements for projects sponsored under the Second Round of the Commission's power reactor demonstration programs by cooperatives and publicly owned agencies under which the reactor is financed in major part by the Commission and is to be owned by the Federal Government shall be carried on by direct contract between the Commission and the equipment manufacturer or engineering organization with respect to the development, design, and construction of the reactor and related facilities, and by direct contract between the Commission and the cooperative or publicly owned organization with respect to the provision of a site and conventional turbogenerating facilities, the operation of the entire plant including training of personnel, the sale by the Commission of steam from the reactor complex to the cooperative or publicly owned organization, and other relevant matters. Sale of steam by the Commission under contract with the cooperative or publicly owned organization shall be at rates based upon the present cost of, or the projected cost of, comparable steam from a plant using conventional fuels at such locations. Projects covered under this subsection shall be operated under contract with the Commission for such period of time as the Commission determines to be advisable for research and development purposes but in no event to exceed ten years. Upon the expiration of such period the Commission shall offer the reactor and its appurtenances for sale to the cooperative or publicly owned agency at a price to reflect appropriate depreciation but not to include construction costs assignable to research and development. In the event the 'Cooperative or publicly owned agency elects not to purchase the reactor and its appurtenances, the Commission shall dismantle them. (2) Funds in the amount of $1,500,000 may be expended for research and development in Commission laboratories to advance the technology of the fast breeder reactor concept. (3) The date for approving proposals under the third round of the power demonstration reactor program shall be no later than December 31, 1958, and no funds authorized for the third round shall be expended on projects approved under the first or second rounds of such program or on other nuclear power projects already under construction. (b) Before the Commission enters into any arrangement (including contract, agreement, and loan) or amendment thereto, the basis of which has not been included in the program justification data previously submitted to the Joint Committee on Atomic Energy in support of authorization legislation approved in accordance with the provisions of section 261 a. (2) of the Atomic Energy Act of 1954, as amended, and which involves appropriations authorized by subsection (a) of this section, the basis for the arrangement or amendment thereto which the Commission proposes to execute (including the name of the proposed contractor or party with whom the arrange ment is to be made, a general description of the proposed reactor, the estimated amount of the assistance to be provided under section 261 a. (2), the estimated cost to be incurred by the contractor or other party, and the general features of the proposed arrangement or amendment) shall be submitted to the Joint Committee, and a period of forty-five
Ante, p. 274.
Reports to Congress.
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