SHALE OIL CONTRACT MODIFICATION.

SEC. 6401. SHALE OIL CONTRACT MODIFICATION.Section 7404(a) of the Consolidated Omnibus Budget Reconciliation Act of 1985 (Public Law 99–272) is amended by adding at the end the following sentence: “The Secretary of the Treasury shall have the authority to negotiate and execute agreements modifying an existing contract relating to the production of synthetic crude oü from oil shale, entered into under the Defense Production Act Amendments of 1980 and subsequently transferred to the Secretary 104 STAT. 1388–320of the Treasury for administration, provided the terms and conditions of any modification(s) are revenue neutral or result in a fiscal savings to the United States Government, and in no event would increase the financial exposure of the United States Government under the contract: Provided, however, That the Secretary of the Treasury shall have no authority to increase the total amount of funds originally authorized for the existing contract: And provided further, That the Secretary shall have no authority to negotiate and execute any agreement modifying the existing contract if such modification(s) would increase or accelerate the financial support per unit for the synthetic fuel to be produced under the contract.”.