I
104TH CONGRESS
1ST SESSION
H. R. 1174
To provide additional flexibility for the Department of Energy’s program
for the disposal of spent nuclear fuel and high level radioactive waste,
and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 8, 1995
Mr. UPTON introduced the following bill; which was referred to the Committee
on Commerce
A BILL
To provide additional flexibility for the Department of Ener-
gy’s program for the disposal of spent nuclear fuel and
high level radioactive waste, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Nuclear Waste Dis-
posal Funding Act’’.
SEC. 2. NUCLEAR WASTE FUND AVAILABILITY.
Section 302 of the Nuclear Waste Policy Act of 1982
(42 U.S.C. 10222) is amended by inserting the following
after subsection (e):
HR 1174 IH
‘‘(f) NUCLEAR WASTE FUND AVAILABILITY.—(1) If
the condition in subsection (g)(2) is met, the net proceeds
from the sale of the United States Enrichment Corpora-
tion which are deposited in a special fund in the Treasury
under subsection (g)(1) may be used by the Department
for radioactive waste disposal activities under this Act. No
more than the following amounts shall be made available
in the fiscal year specified—
‘‘(A) for fiscal year 1996, $431,600,000;
‘‘(B) for fiscal year 1997, $540,000,000; and
‘‘(C) for fiscal year 1998, $627,400,000.
The net proceeds are the revenues derived from the sale
of United States Enrichment Corporation stock, based
upon its sales price less cash payments to the purchasers
and less the value assigned to highly enriched and natural
uranium transferred from the Department to the United
States Enrichment Corporation after February 1, 1995,
as specified in the stock offering prospectus of the United
States Enrichment Corporation. In determining net pro-
ceeds, the cash and the value of highly enriched uranium
shall be prorated in proportion to the amount of stock that
is sold to non-Federal entities.
‘‘(2) In addition to the amounts in paragraph (1),
amounts deposited in the Nuclear Waste Fund in fiscal
years 1996, 1997, and 1998 resulting from any increase
HR 1174 IH
in the fee established under this section shall be available
to the Department for expenditure for radioactive waste
disposal activities under this Act.
‘‘(3) Amounts available under this subsection shall
remain available until expended, without further appro-
priation but within any specific directives and limitations
included in appropriations Acts. Amounts for radioactive
waste disposal activities shall be included in the annual
budget submitted to Congress for Nuclear Waste Disposal
Fund activities.
‘‘(g) OFFSETS.—(1) The net proceeds from the sale
of all stock of the United States Enrichment Corporation
shall be deposited in a special fund in the Treasury and
be available for the purposes specified in subsection (f).
‘‘(2) If the President so designates, the net proceeds
shall be included in the budget baseline required by the
Balanced Budget and Emergency Deficit Control Act of
1985 and shall be counted for the purposes of section 252
of that Act as an offset to direct spending, notwithstand-
ing section 257(e) of that Act.’’.
Æ