republic-os/legal/us/code/title-42/chapter-24/section-2311.md

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LegalText	42 U.S.C. § 2311	Community Disposal Operations Fund	us	united_states_code	code_section	42	THE PUBLIC HEALTH AND WELFARE	24	DISPOSAL OF ATOMIC ENERGY COMMUNITIES	2311	42 U.S.C. § 2311	current	119-100	2026-06-26	official	https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip	/us/usc/t42/s2311	data/legal/raw/us/code/title-42/usc42.xml	e2dc43ad07b9fe6c18a8ae3a0a74daff710315b4306bd085e46ab54877bb59ed	644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e	dc608f8be6d4169cbde904cde91fa6e7a1f2584eb5c71140cc07d9e4ac538d78	2026-07-04	official	legal us-code

42 U.S.C. § 2311 - Community Disposal Operations Fund

Text

(a) Establishment There is established as of June 30, 1956, a Community Disposal Operations Fund, and the Commission (or the head of such agency as may be carrying out the sales and financing functions of the Commission pursuant to a delegation by the President under section 2313 of this title) is authorized to credit said fund with all moneys hereafter obtained or now held by it and to account under said fund for all assets and liabilities held or acquired by it in connection with its sales and financing functions under this chapter, and to make temporary advances to such fund, from any other funds available for expenses of operations of such Commission or agency, as may be required to carry out such functions pending the realization of sufficient proceeds under the provisions of this chapter: Provided, That any such advances shall be repaid to the source appropriation or fund, to the extent of any unobligated balances available in the Community Disposal Operations Fund, prior to the close of the fiscal year during which such advances are made.

(b) Availability The Community Disposal Operations Fund shall be available to pay for all necessary costs, expenses (including administrative expenses), losses or obligations incurred in connection with the aforesaid functions, including expenses incident to sale, or other transfer and any financing under section 2362 of this title, indemnities under sections 2363 to 2366 of this title, and expenses authorized by section 2310 of this title, and expenses in connection with the defense and payment of any claims for breaches of warranties and covenants of title of any property disposed of pursuant to this chapter.

(c) Liquidating dividends Any amount in said fund which is determined to be in excess of requirements for the purposes thereof shall be declared and paid as liquidating dividends to the Treasury, not less often than annually.

(Aug. 4, 1955, ch. 543, ch. 11, § 117, 69 Stat. 483; July 25, 1956, ch. 731, § 4, 70 Stat. 654.)

Notes

Editorial Notes

Amendments1956—Act July 25, 1956, amended section generally to establish the Community Disposal Operations Fund, to provide for its availability, and to require excess amounts to be paid as liquidating dividends to the Treasury. Former provisions of this section required that the net proceeds derived by the Commission from the disposal of property pursuant to this chapter were to be covered into the Treasury.

Statutory Notes and Related Subsidiaries

Transfer of Functions Atomic Energy Commission abolished and functions transferred by sections 5814 and 5841 of this title. See also Transfer of Functions notes set out under those sections.