provement, the method of depreciation, or the estimated
useful life of the asset.
(c) INSURANCE, MAINTENANCE AND REPAIR.—Noth-
ing in this section shall affect the obligation of a conces-
sioner to insure, maintain, and repair any structure, fix-
ture, or improvement assigned to such concessioner and
to insure that such structure, fixture, or improvement
fully complies with applicable safety and health laws and
regulations.
SEC. 410. RECORDKEEPING REQUIREMENTS.
(a) IN GENERAL.—Each concessioner shall keep such
records as the Secretary may prescribe to enable the Sec-
retary to determine that all terms of the concessioner’s
contract have been, and are being faithfully performed,
and the Secretary or any of the Secretary’s duly author-
ized representatives shall, for the purpose of audit and ex-
amination, have access to such records and to other books,
documents and papers of the concessioner pertinent to the
contract and all the terms and conditions thereof as the
Secretary deems necessary.
(b) GENERAL ACCOUNTING OFFICE REVIEW.—The
Comptroller General of the United States or any of his
or her duly authorized representatives shall, until the expi-
ration of five calendar years after the close of the business
year for each concessioner, have access to and the right
to examine any pertinent books, documents, papers, and
records of the concessioner related to the contracts or con-
tracts involved.
SEC. 411. EXEMPTION FROM CERTAIN LEASE REQUIRE-
MENTS.
The provisions of section 321 of the Act of June 30,
1932 (47 Stat. 412; 40 U.S.C. 303b), relating to the leas-
ing of buildings and properties of the United States, shall
not apply to contracts awarded by the Secretary pursuant
to this Act.
SEC. 412. EFFECTIVE DATE.
This title shall take effect on October 1, 1995.
TITLE V—MISCELLANEOUS
INDUSTRY SUBSIDIES
SEC. 501. FAIR MARKET VALUE SALES OF PETROLEUM
FROM NAVAL PETROLEUM RESERVES.
Section 7430 of title 10, United States Code, is
amended by striking subsection (b) and inserting the fol-
lowing new subsection:
‘‘(b) Notwithstanding any other provision of law, each
sale of the United States share of petroleum produced
from the naval petroleum reserves shall be made by the
Secretary to the highest qualified bidder at a price not
less than the prevailing local market price of comparable
petroleum. Each sale shall be open to the public and shall
be conducted at such times, after such advertising, and
involve such amounts of petroleum as the Secretary con-
siders proper, without regard to Federal, State, or local
regulations controlling sales or allocation of petroleum
products. Each sale of the United States share of petro-
leum shall be for periods of not more than one year, except
that a sale of natural gas may be made for a period of
more than one year.’’.
SEC. 502. TOKAMAK PHYSICS EXPERIMENT PROGRAM.
The United States shall not obligate any funds for
the Tokamak Physics Experiment program of the Depart-
ment of Energy, except as necessary to terminate the pro-
gram in an orderly manner.
SEC. 503. ELIMINATION OF FUNDING FOR HIGHWAY DEM-
ONSTRATION PROJECTS.
(a) REPEAL
OF AUTHORIZATION
OF APPROPRIA-
TIONS.—Sections 1103(b), 1104(b), 1105(f), 1106(a)(2),
1106(b)(2), 1107(b), and 1108(b) of the Intermodal Sur-
face Transportation Efficiency Act of 1991 (105 Stat.
2027–2063) are each amended by striking ‘‘through
1997’’ and inserting ‘‘through 1995’’.
(b) CONFORMING AMENDMENTS.—Sections 1103(c),
1104(c), 1105(g)(2), 1106(a)(3), 1106(b)(3), 1107(c),
and 1108(c) of such Act are each amended by striking
‘‘1995, 1996, and 1997’’ and inserting ‘‘and 1995’’.
SEC. 504. USE OF FEES FROM GAMING ACTIVITIES TO FUND
NATIONAL INDIAN GAMING COMMISSION.
(a) INCREASE IN CAP ON AMOUNTS COLLECTED.—
Section 18(a)(2)(B) of the Indian Gaming Regulatory Act
(25 U.S.C. 2717(a)(2)(B)) is amended by striking
‘‘$1,500,000’’ and inserting ‘‘$3,000,000’’.
(b) AUTHORIZATION OF APPROPRIATIONS.—
(1) IN
GENERAL.—Section 19 of the Indian
Gaming Regulatory Act (25 U.S.C. 2718) is amend-
ed to read as follows:
‘‘RESTRICTIONS ON APPROPRIATIONS
‘‘SEC. 19. Except as provided in section 18, amounts
may not be appropriated for or otherwise made available
for the operation of the Commission.’’.
(2) EFFECTIVE DATE.—The amendment made
be paragraph (1) shall take effect 90 days after the
date of the enactment of this Act and amounts ap-
propriated or otherwise made available for the Na-
tional Indian Gaming Commission (other than
amounts made available under section 18 of the In-
dian Gaming Regulatory Act (25 U.S.C. 2717) may
not be obligated after such 90 days.
SEC. 505. REDUCTION OF OUTSTANDING LOAN, GUARAN-
TEE, AND INSURANCE AUTHORITY OF THE
EXPORT-IMPORT 
BANK 
OF 
THE 
UNITED
STATES.
(a) IN GENERAL.—Section 6(a) of the Export-Import
Bank Act of 1945 (12 U.S.C. 635e(a)) is amended by
striking 
‘‘$75,000,000,000’’ 
and 
inserting
‘‘$37,500,000,000’’.
(b) AUTHORITY TO IMPOSE FINANCING FEES BASED
ON CREDIT RISK.—Section 2 of the Export-Import Bank
Act of 1945 (12 U.S.C. 635) is amended by adding at
the end the following:
‘‘(f) IMPOSITION OF FINANCING FEES BASED ON
CREDIT RISK.—The Bank shall charge and collect a fee
for the provision of a guarantee, the provision of insur-
ance, the extension of credit, or the participation of the
Bank in an extension of credit, under this Act, which shall
be—
‘‘(1) based on the credit risk associated with
the transaction involved; and
‘‘(2) not less than the fee that would be
charged for similar purposes in an arms-length
transaction in the private sector.’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall take effect on October 1, 1995.
SEC. 506. ABOLITION OF OVERSEAS PRIVATE INVESTMENT
CORPORATION.
(a) ABOLITION.—The Overseas Private Investment
Corporation is abolished, effective October 1, 1995.
(b) ADMINISTRATION OF EXISTING OBLIGATIONS.—
The Secretary of State shall carry out the functions per-
formed on September 30, 1995, by the Overseas Private
Investment Corporation only for purposes of administering
insurance, reinsurance, financing, and other contracts or
agreements issued or entered into by the Corporation that
are effective on October 1, 1995. Such functions shall ter-
minate when all such insurance, reinsurance, financing,
and other contracts or agreements expire.
(c) TERMINATION OF PROVISIONS.—Title IV of chap-
ter 2 of part I of the Foreign Assistance Act of 1961 (22
U.S.C. 2191 and following) shall cease to be effective on
October 1, 1995, except that such title shall continue in
effect with respect to the functions performed by the Sec-
retary of State under subsection (b).
(d) TERMINATION OF AFFAIRS.—The Director of the
Office of Management and Budget shall take the nec-
essary steps to terminate the affairs of the Overseas Pri-
vate Investment Corporation.
SEC. 507. TERMINATION OF NUCLEAR WEAPONS ACTIVI-
TIES.
The United States may not obligate, in fiscal year
1996 or any fiscal year thereafter, any funds for activities
of the Department of Energy described under the heading
‘‘Weapons Activities’’ under ‘‘Atomic Energy Defense Ac-
tivities’’ in title III of the Energy and Water Development
Appropriations Act, 1995 (Public Law 103–316; 108 Stat.
1717), except to the extent necessary to terminate such
activities in an orderly manner.
SEC. 508. FOSSIL AND NUCLEAR RESEARCH AND DEVELOP-
MENT.
The United States shall not obligate any funds for
carrying out fossil and nuclear energy research and devel-
opment for any fiscal year after fiscal year 1997.
SEC. 509. REQUIREMENTS RELATING TO RECOUPMENT OF
NONRECURRING COSTS FOR CERTAIN SALES
OF MAJOR DEFENSE EQUIPMENT.
(a) RECOUPMENT OF COSTS IN COMMERCIAL EX-
PORT SALES.—
(1) IN GENERAL.—Section 38 of the Arms Ex-
port Control Act (22 U.S.C. 2778) is amended by
adding at the end the following new subsection:
‘‘(i)(1) Any sale involving the export of major defense
equipment pursuant to a license or other approval granted
under this section shall include an appropriate charge for
a proportionate amount of the nonrecurring costs incurred
by the United States in the research, development, and
production of such equipment. Such charge shall be com-
parable to the charge imposed pursuant to section
21(e)(1)(B) of this Act relating to government-to-govern-
ment sales of major defense equipment.
‘‘(2) The charge provided for in paragraph (1) shall
not apply with respect to major defense equipment that
is at least 90 percent paid for from funds transferred
under section 503(a)(3) of the Foreign Assistance Act of
1961 or from funds made available on a grant or other
nonrepayable basis under section 23 of this Act.’’.
(2) EFFECTIVE
DATE.—Section 38(i) of the
Arms Export Control Act, as added by paragraph
(1), applies with respect to major defense equipment
sold pursuant to a contract entered into on or after
the date of the enactment of this Act.
(b) ELIMINATION OF AUTHORITY TO REDUCE OR
WAIVE CHARGES
FOR COSTS
IN FOREIGN MILITARY
SALES FOR NATO MEMBER COUNTRIES AND CERTAIN
OTHER COUNTRIES.—Paragraph (2) of section 21(e) of
such Act (22 U.S.C. 2761(e)) is repealed.
TITLE VI—EFFECTIVE DATES
SEC. 601. EFFECTIVE DATES.
Except as otherwise specified in this Act, the amend-
ments made by this Act shall take effect on October 1,
1995.
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