ENCOURAGING PRIVATE INVESTMENT IN RESEARCH AND TEST REACTORS.

SEC. 106. [42 U.S.C. 2134 note] ENCOURAGING PRIVATE INVESTMENT IN RESEARCH AND TEST REACTORS. (a) Purpose.—The purpose of this section is to encourage private investment in research and test reactors. (b) Research and Development Activities.—Section 104 c. of the Atomic Energy Act of 1954 (42 U.S.C. 2134(c)) is amended— (1) in the first sentence, by striking “and which are not facilities of the type specified in subsection 104 b.” and inserting a period; and (2) by adding at the end the following: “The Commission is authorized to issue licenses under this section for utilization facilities useful in the conduct of research and development activities of the types specified in section 31 in which the licensee sells research and testing services and energy to others, subject to the condition that the licensee shall recover not more than 75 percent of the annual costs to the licensee of owning and operating the facility through sales of nonenergy services, energy, or both, other than research and development or education and training, of which not more than 50 percent may be through sales of energy.”.