PUBLIC LAW 104-134—APR. 26, 1996 110 STAT. 1321-336 (3) The term "gaseous diffusion plants" means the Paducah Gaseous Diffusion Plant at Paducah, Kentucky and the Portsmouth Gaseous Diffusion Plant at Piketon, Ohio. (4) The term "highly enriched uranium" means uranium enriched to 20 percent or more of the uranium-235 isotope. (5) The term "low-enriched uranium" means uranium enriched to less than 20 percent of the uranium-235 isotope, including that which is derived from highly enriched uranium. (6) The term "low-level radioactive waste" has the meaning given such term in section 2(9) of the Low-Level Radioactive Waste PoUcy Act (42 U.S.C. 2021b(9)). (7) The term "private corporation" means the corporation established under section 3105. (8) The term "privatization" means the transfer of ownership of the Corporation to private investors. (9) The term "privatization date" means the date on which 100 percent of the ownership of the Corporation has been transferred to private investors. (10) The term "public offering" means an underwritten offering to the public of the common stock of the private corporation pursuant to section 3104. (11) The "Russian HEU Agreement" means the Agreement Between the Government of the United States of America and the Government of the Russian Federation Concerning the Disposition of Highly Enriched Uranium Extracted from Nuclear Weapons, dated February 18, 1993. (12) The term "Secretary" means the Secretary of Energy. (13) The "Suspension Agreement" means the Agreement to Suspend the Antidumping Investigation on Uranium from the Russian Federation, as amended. (14) The term "uranium enrichment" means the separation of uranium of a given isotopic content into 2 components, 1 having a higher percentage of a fissile isotope and 1 having a lower percentage. SEC. 3103. SALE OF THE CORPORATION. (a) AUTHORIZATION. — The Board of Directors of the Corporation, with the approval of the Secretary of the Treasury, shall transfer the interest of the United States in the United States Enrichment Corporation to the private sector in a manner that provides for the long-term viability of the Corporation, provides for the continuation by the Corporation of the operation of the Department of Energy's gaseous diffusion plants, provides for the protection of the public interest in maintaining a reliable and economical domestic source of uranium mining, enrichment and conversion services, and, to the extent not inconsistent with such purposes, secures the maximum proceeds to the United States. (b) PROCEEDS.— Proceeds from the sale of the United States' interest in the Corporation shall be deposited in the general fund of the Treasury. SEC. 3104. METHOD OF SALE. (a) AUTHORIZATION. —The Board of Directors of the Corporation, with the approval of the Secretary of the Treasury, shall transfer ownership of the assets and obligations of the Corporation to the private corporation established under section 3105 (which may be consummated through a merger or consolidation effected in accordance with, and having the effects provided under, the law of the 42 USC 2297h-l. 42 USC 2297h-2.
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