I

103D CONGRESS

1ST SESSION H. R. 2187

To amend the Helium Act to cancel the accrued and unpaid interest on

all notes issued for the purchase of helium and the net capital and

retained earnings debt and interest related to the helium production

fund, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

MAY 19, 1993

Mr. SARPALIUS introduced the following bill; which was referred to the

Committee on Natural Resources

A BILL

To amend the Helium Act to cancel the accrued and unpaid

interest on all notes issued for the purchase of helium

and the net capital and retained earnings debt and interest related to the helium production fund, and for other

purposes.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Helium Act Amend5 ments of 1993’’.
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1 SEC. 2. AMENDMENTS.

2 The Helium Act (50 U.S.C. 161 et seq.) is amend3 ed—

4 (1) in section 3(a)(2), by striking ‘‘, except that

5 the Secretary shall not make such contracts and

6 agreements which shall require payments by the

7 Government in any one fiscal year aggregating more

8 than the amount which shall be established initially

9 in an appropriation Act and which may be increased

10 from time to time in appropriation Acts, or if’’ and

11 inserting in lieu thereof ‘‘. If’’;

12 (2) in section 3(a)(4), by inserting ‘‘or other13 wise necessary under this Act’’ after ‘‘not valuable

14 for helium production’’;

15 (3) by striking section 3(c);

16 (4) in section 6(a), by striking ‘‘the Atomic En17 ergy Commission’’ and inserting in lieu thereof ‘‘the

18 Department of Energy, the National Aeronautics

19 and Space Administration’’;

20 (5) by amending section 6(c) to read as follows:

21 ‘‘(c) Sales of helium shall be at prices determined by

22 the Secretary and consistent with the purposes of this

23 Act.’’;

24 (6) by striking subsections (d) and (e) of sec25 tion 6;
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1 (7) by redesignating subsection (f) of section 6

2 as subsection (d);

3 (8) in section 6(d), as so redesignated—

4 (A) by striking ‘‘excess property’’ and in5 serting in lieu thereof ‘‘surplus property pursu6 ant to this Act’’; and

7 (B) by striking ‘‘and credited against the

8 amounts required to be repaid to the Treasury

9 under subsection (c) of this section’’ and insert10 ing in lieu thereof ‘‘as miscellaneous receipts’’;

11 (9) by adding at the end of section 6 the follow12 ing new subsection:

13 ‘‘(e) The Secretary of the Treasury shall cancel the

14 accrued and unpaid interest but not the principal on all

15 notes issued by the Secretary of the Interior pursuant to

16 section 12 of this Act, prior to the date of enactment of

17 the Helium Act Amendments of 1993, and also cancel the

18 outstanding interest accrued and unpaid as well as the

19 principal of the net capital and retained earnings debt of

20 the helium production fund established pursuant to sec21 tion 6 of this Act which have been incurred prior to the

22 date of enactment of the Helium Act Amendments of

23 1993.’’;

24 (10) in section 7, by striking ‘‘and the Chair25 man of the Atomic Energy Commission’’ and insert-
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1 ing in lieu thereof ‘‘, the Secretary of Energy, and

2 the Administrator of the National Aeronautics and

3 Space Administration’’; and

4 (11) by striking section 12.

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