Page:United States Statutes at Large Volume 98 Part 2.djvu/700

This page needs to be proofread.
PUBLIC LAW 98-000—MMMM. DD, 1984

98 STAT. 1860

PUBLIC LAW 98-473—OCT. 12, 1984 DEPARTMENT OF THE TREASURY >.;

ENERGY SECURITY RESERVE (RESCISSION)

Of the funds appropriated to the Energy Security Reserve by the Department of the Interior and Related Agencies Appropriations 93 Stat. 954. Act, 1980 (Public Law 96-126) and subsequently made available to carry out title I, part B of the Energy Security Act (Public Law 42 USC 8701 96-294) by Public Laws 96-304 and 96-514, $5,375,000,000 are req4*st Hvi scinded: Provided, That of the remaining funds in the Energy 94 Stat 2957 Security Reserve for carrying out title I, part B of the Energy Security Act, the amount of $5,700,000,000 shall be initially available only for obligation to projects with Letters of Intent authorized by the Board of Directors of the United States Synthetic Fuels Corporation on or before June 1, 1984; and, if by reason of Board determinations that the Corporation will not enter into financial assistance contracts with projects for which such Letters were authorized, or that lesser amounts of financial assistance than those specified in such authorizations shall be awarded, there remains a balance of such amount which is unobligated and uncommitted, 50 percent of said balance shall cease to be available for obligation and the remaining 50 percent of said balance shall thereafter be available for commitment or obligation by the Corporation pursuant to 42 USC 8701 the Energy Security Act: Provided further, That until such time as note„ the comprehensive strategy is approved pursuant to section 126(c) of 42 USC 8722. the Energy Security Act, the Board of Directors shall solicit proposals and award financial assistance pursuant to applicable sections of the Energy Security Act without regard to the national synthetic 42 USC 8721. fuel production goal established under section 125 of the Act: Provided further, That of the $5,375,000,000 rescinded from the Energy Security Reserve, $750,000,000 shall be deposited and retained in a separate account hereby established in the Treasury of the United States, entitled the "Clean Coal Technology Reserve," which account and the appropriations therefor, shall be available for the purpose of conducting cost-shared clean coal technology projects for the construction and operation of facilities to demonstrate the feasibility for future commercial application of such technology, including those identified in section 320 of the fiscal year 1985 Department of the Interior and Related Agencies Appropriations Act, as reported by the Senate Committee on Appropriations (H.R. 5973, Senate Report 98-578), without fiscal year limitation, subject to subsequent annual appropriation in the Department of the Interior and Related Agencies Appropriations Act. 42 USC 8713. Section 117 of the United States Synthetic Fuels Corporation Act of 1980 is amended by adding at the end thereof the following new subsection: 42 USC 8714. "(f) Subject to section 118, Directors, officers, and employees of the Corporation shall be subject to the same standards of ethical conduct and financial reporting as are set forth in Executive Order 18 USC 201 note. 11222. The Chairman shall promptly implement such standards.". 42 USC 8768. Section 168 of the United States Synthetic Fuels Corporation Act of 1980 is amended by— (1) Redesignating section 168 as subsection 168(a); and (2) Inserting at the end thereof the following new subsection: