106 STAT. 2926 PUBLIC LAW 102-486—OCT. 24, 1992 porated under the District of Columbia Business Corporation Act; "(2) shall have the priority of the United States with respect to the payment of debts out of bankrupt, insolvent, and decedents' estates; "(3) may obtain from the Administrator of General Services the services the Administrator is authorized to provide agencies of the United States, on Uie same basis as those services are provided to other agencies of the United States; "(4) shall enrich uraniimi, provide for uranium to be enriched by others, or acquire enriched uraniiun (including low-enriched urcuiium derived from highly enriched uranium provided under section 1408); "(5) may conduct, or provide for conducting, those research and development activities related to uranium enrichment and related processes and activities the Corporation considers necessary or advisable to maintain the Corporation as a commercial enteiprise operating on a profitable and efficient basis; "(6) may enter into transactions regarding uranium, enriched uranium, or depleted uranium with— "(A) persons Ucensed under section 53, 63, 103, or 104 in accordance with the licenses held by tiiose persons; "(B) persons in accordance with, and Mdthin the period of, an agreement for cooperation arranged under section 123; or "(C) persons otherwise authorized by law to enter into such transactions; "(7) may enter into contracts with persons licensed under section 53, 63, 103, or 104, for as long as the Corporation considers necessary or desirable, to provide uraniimi or uranium enrichment and related services; "(8) may enter into contracts to provide uranium or uranium enrichment and related services in accordance with, and within the period of, an agreement for cooperation arranged under section 123 or as otherwise authorized by law; and "(9) shall sell to the Department as provided in this title, without regard to section 57 e., the amounts of uranium enrichment and related services that the Department determines from time to time are required for it to— "(A) carry out Presidential directions and authorizations under section 91; and "(B) conduct other Department programs. 42 USC 2297b-3. 'SEC. 1304. BOARD OF DIRECTORS. "(a) IN GENERAL.—The powers of the Corporation are vested in the Board of Directors. President. "(b) APPOINTMENT.—The Board of Directors shall consist of 5 individuals, to be appointed by the President by and with the advice and consent of the Senate. The President shall designate a Chairman of the Board from among members of the Board. "(c) QUALIFICATIONS.—Members of the Board shall be citizens of the United States. No member of the Board shall be an employee of the Corporation or have any direct financial relationship with the Corporation other than that of being a member of the Board. "(d) TERMS.— " (1) IN GENERAL. — Except as provided in paragraph (2), members of the Board shall serve 5-year terms or until the
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