240 



members of the Board shall be appointed by the 

 President of the United States, by and with the 

 advice and consent of the Senate, and four mem- 

 bers of the Board shall be appointed by the 

 President on the basis of recommendations re- 

 ceived by him from any non-Federal entity or 

 entitles entering into contractual arrangements 

 to participate in the corporation; 



(B) a President and such other officers and 

 em.ployees as may be named and appointed by 

 the Board (with the rates of compensation of 

 all officers and employees being fixed by the 

 Board) ; and 



(C) the usual powers conferred upon corpora- 

 tions by the laws of the District of Columbia. 



(3) An appropriate time Interval, not to exceed 

 12 years, shall be established for the term of Fed- 

 eral participation in the corporation, at the expira- 

 tion of which the Board of Directors shall take 

 such action as may be necessary to dissolve the 

 corporation or otherwise terminate Federal par- 

 ticipation and financial Interests. In carrying out 

 such dissolution, the Board of Directors shall dis- 

 pose of all physical facilities of the corporation in 

 such manner and subject to such terms and condi- 

 tions as the Board determines are in the public In- 

 terest and consistent with existing law; and a 

 share of the appraised value of the corporate as- 

 sets proportional to the Federal participation In 

 the corporation. Including the proceeds from the 

 disposition of such facilities, on the date of its 

 dissolution, after sitlsfaction of all its legal obliga- 

 tions, shall be made available to the United States 

 and deposited in the Treasury of the United States 

 as miscellaneous receipts. All patent rights of the 

 corporation shall, on such date of dissolution, be 

 vested In the Administrator: Provided, That Fed- 

 eral participation may be terminated prior to the 

 time established in the authorizing Act upon rec- 

 ommendation of the Board of Directors. 



(4) Any commercially valuable product produced 

 by demonstration facilities shall be disposed of in 

 iuch manner and under such terms and conditions 

 as the corporation shall prescribe. All revenues re- 

 ceived by the corporation from the sale of such 

 products shall be available to the corporation for 

 use by it in defraying expenses Incurred in con- 

 nection with carrying out its functions to which 

 this chapter applies. 



(5) The estimated Faderal share of the con- 

 struction, operation, and maintenance cost over 

 the life of each corporation shall be determined in 

 order to facilitate a single congressional authoriza- 

 tion of the full amount at the time of establish- 

 ment of the corporation. 



(6) The Federal share of the cost of each such 

 corporation shall reflect (A) the technical and 

 economic risk of the venture, (B) the probability 

 of any financial return to the non-Federal par- 

 ticipants arising from the venture, (Ci the 

 financial capability of the potential non-Federal 

 participants, and (D) such other factors as the Ad- 

 ministrator may set forth in proposing the corpo- 



ration: Provided, That In no instance shall the 

 Federal share exceed 90 per centum of the cost. 



(7) (A) Prior to the establishment of any Joint 

 Federal-Industry corporation pursuant to this 

 chapter, the Administrator shall submit to the 

 Speaker of the House of Representatives and the 

 President pro tempore of the Senate, and to the 

 appropriate committees of the House of Repre- 

 sentatives ind the Senate a report setting forth 

 In detail the consistency of the establishment of 

 the corporation with the principles and directives 

 set forth in section 5904 of this title and this sec- 

 tion, and the proposed purpose and planned activi- 

 ties of the corporation. 



(B) No such corporation shall be established un- 

 less previously authorized by specific legislation 

 enacted by the Congress. 



(c) Proposed competitive systems of price supports 

 for demonstration facilities; guidelines. 



Competitive systems of price supports proposed for 

 congressional authorization pursuant to this chapter 

 shall conform to the following guidelines: 



(1) The Administrator shall determine the 

 types and capacities of the desired full-scale, com- 

 mercial-size facility or other operation which 

 would demonstrate the technical, environmental, 

 and economic feasibility of a particular nonnu- 

 clear energy technology. 



(2) The Administrator may award planning 

 grants for the purpose of financing a study of the 

 full cycle economic and environmental costs asso- 

 ciated with the demonstration facility selected pur- 

 suant to paragraph (1) of this subsection. Such 

 planning grants may be awarded to Federal and 

 non-Federal entitles including, but not limited to, 

 industrial entitles, universities, and nonprofit or- 

 ganizations. Such planning grants may also be used 

 by the grantee to prepare a detailed and compre- 

 hensive bid to construct the demonstration facility. 



(3) Following the completion of the studies pur- 

 suant to the planning grants awarded under para- 

 graph (2) of this subsection regarding each such 

 potential price supported demonstration facility 

 for which the Administrator Intends to request 

 congressional authorization, he shall Invite bids 

 from all interested parties to determine the mini- 

 mum amount of Federal price support needed to 

 construct the demonstration facility at the minl- 

 Istrator may designate one or more competing en- 

 titles, each to construct one commercial demon- 

 stration facility. Such designation shall be made 

 on the basis of those entitles, (A) commitment to 

 construct the demonstration facility at he mini- 

 mum level of Federal price supports, (B) detailed 

 plan of enviroimiental protection, and (C) pro- 

 posed design and operation of the demonstration 

 facility. 



(4) The construction plans and actual construc- 

 tion of the demonstration facility, together with 

 all related facilities, shall be monitored by the 

 Environmental Protection Agency. If additional 

 environmental requirements are Imposed by the 

 Administrator after the designation of the success- 

 ful bidders and if such additional environmental 



