Pub. L. 106-60, tit. VI, sec. 608

United States Enrichment Corporation Fund.

EnactedYear: 1999Length: 179 wordsOfficial source
Sec. 608. United States Enrichment Corporation Fund. (a) Withdrawals.—Subsections (b) and (c) of section 1 of Public Law 105–204 (112 Stat. 681) are amended by striking “fiscal year 2000” and inserting “fiscal year 2002”. (b) Investment of Amounts in the United States Enrichment Corporation Fund.— (1) In general.—The Secretary of the Treasury shall invest such portion of the United States Enrichment Corporation Fund as is not, in the judgment of the Secretary, required to meet current withdrawals. Investments may be made only in interest-bearing obligations of the United States. (2) Acquisition of obligations.—For the purpose of investments under paragraph (1), obligations may be acquired— (A) on original issue at the issue price; or (B) by purchase of outstanding obligations at the market price.113 STAT. 502 (3) Sale of obligations.—Any obligation acquired by the Fund may be sold by the Secretary of the Treasury at the market price. (4) Credits to fund.—The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund.
Pub. L. 106-60, tit. VI, sec. 608: United States Enrichment Corporation Fund. | Justis AI