§2297b–2. Powers of Corporation

In order to accomplish its purposes, the Corporation-

(1) shall, except as provided in this division or applicable Federal law, have all the powers of a private corporation incorporated under the District of Columbia Business Corporation Act;

(2) shall have the priority of the United States with respect to the payment of debts out of bankrupt, insolvent, and decedents' estates;

(3) may obtain from the Administrator of General Services the services the Administrator is authorized to provide agencies of the United States, on the same basis as those services are provided to other agencies of the United States;

(4) shall enrich uranium, provide for uranium to be enriched by others, or acquire enriched uranium (including low-enriched uranium derived from highly enriched uranium provided under section 2297c–7 of this title);

(5) may conduct, or provide for conducting, those research and development activities related to uranium enrichment and related processes and activities the Corporation considers necessary or advisable to maintain the Corporation as a commercial enterprise operating on a profitable and efficient basis;

(6) may enter into transactions regarding uranium, enriched uranium, or depleted uranium with-

(A) persons licensed under section 2073, 2093, 2133, or 2134 of this title in accordance with the licenses held by those persons;

(B) persons in accordance with, and within the period of, an agreement for cooperation arranged under section 2153 of this title; or

(C) persons otherwise authorized by law to enter into such transactions;

(7) may enter into contracts with persons licensed under section 2073, 2093, 2133, or 2134 of this title, for as long as the Corporation considers necessary or desirable, to provide uranium or uranium enrichment and related services;

(8) may enter into contracts to provide uranium or uranium enrichment and related services in accordance with, and within the period of, an agreement for cooperation arranged under section 2153 of this title or as otherwise authorized by law; and

(9) shall sell to the Department as provided in this division, without regard to section 2077(e) of this title, the amounts of uranium enrichment and related services that the Department determines from time to time are required for it to-

(A) carry out Presidential directions and authorizations under section 2121 of this title; and

(B) conduct other Department programs.

(Aug. 1, 1946, ch. 724, title II, §1303, as added Oct. 24, 1992, Pub. L. 102–486, title IX, §901, 106 Stat. 2925 .)

References in Text

The District of Columbia Business Corporation Act, referred to in par. (1), is act June 8, 1954, ch. 269, 68 Stat. 179 , as amended, which appears in chapter 3 (Sec. 29–301 et seq.) of Title 29, Corporations, of the District of Columbia Code.

Section Referred to in Other Sections

This section is referred to in sections 2297a, 2297c–1 of this title.