An Act to authorize the disposal of iridium from the national stockpile
PL 92-98 (S.757), enacted 08/11/1971

324 
PUBLIC LAW92-98-AUG. 11, 1971 
[85 STAT. 
60 Stat. 597. 
50 u s e 98b. 
Bids. 
Exemptions. 
made without regard to the requirements of section 3 of the Strategic 
and Critical Materials Stock Piling Act: Provided,, That the time and 
method of disposition shall be fixed with due regard to the protection 
of the United States against avoidable loss and the protection of pro-
ducers, processors, and consumers against avoidable disruption of their 
usual markets. 
SEC. 2. (a) Disposals of the material covered by this Act may be 
made only after publicly advertising foir bids, except as provided in 
subsection (b) of this section or as otherwise authorized by law. All 
bids may be rejected when it is in the public interest to do so. 
(b) The material covered by this Act may be disposed of without 
advertising for bids if— 
(1) the material is to be transferred to an agency of the United 
States; 
(2) the Administrator determines that methods of disposal 
other than by advertising are necessary to protect the United 
States against avoidable loss or to protect producers, processors, 
and consumers against avoidable disruption of their usual mar-
kets ; or 
(3) sales are to be made pursuant to requests received from 
other agencies of the United States in furtherance of authorized 
program objectives of such agencies. 
Approved August 11, 1971. 
August 11, 1971 
[S. 757] 
Iridium. 
Disposal. 
60 Stat. 596. 
Bids. 
Exemptions, 
Public Law 92-98 
AN ACT 
To authorize the disposal of iridium from the national stockpile. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That the Admin-
istrator of General Services is hereby authorized to dispose of approxi-
mately two hundred and fifty-six troy ounces of iridium now held in 
the national stockpile established pursuant to the Strategic and Critical 
Materials Stock Piling Act (50 U.S.C. 98-98h). Such disposition may 
be made without regard to the requirements of section 3 of the Stra-
tegic and Critical Materials Stock Piling Act: Provided, 
That the 
time and method of disposition shall be fixed with due regard to the 
protection of the United States against avoidable loss and the protec-
tion of producers, processors, and consumers against avoidable disrup-
tion of their usual markets. 
SEC. 2. (a) Disposals of the material covered by this Act may be 
made only after publicly advertising for bids, except as provided in 
subsection (b) of this section or as otherwise authorized by law. All 
bids may be rejected when it is in the public interest to do so. 
(b) The material covered by this Act may be disposed of without 
advertising for bids if— 
(1) the material is to be transferred to an agency of the United 
States; 
(2) the Administrator determines that methods of disposal 
other than by advertising are necessary to protect the United 
States against avoidable loss or to protect producers, processors, 
and consumers against avoidable disruption of their usual 
markets; or 
(3) sales are to be made pursuant to requests received from 
other agencies of the United States in furtherance of authorized 
program objectives of such agencies. 
Approved August 11, 1971.