93 STAT. 1062
PUBLIC LAW 96-137—DEC. 12, 1979
"(b) Contracts under this chapter providing for the obligation of funds may be entered into for a period offiveyears, renewable for an additional five-year period; however, such contracts may obligate funds only to the extent that such funds are made available in appropriation Acts.". (2) The item relating to section 7432 in the table of sections at the beginning of chapter 641 of such title is amended to read as follows: "7432. Authorizations of appropriations.". Naval petroleum reserves special account, abolishment. 42 USC 7432 note. Transfer of funds.
(c) The naval petroleum reserves special account established by section 7432 of title 10, United States Code, as in existence on the day before the date of the enactment of this Act, is abolished. Unappropriated balances of funds in the naval petroleum reserves special account on the date of the enactment of this Act shall be transferred on the books of the Treasury into miscellaneous receipts, and all moneys accruing to the United States after such date under chapter 641 of title 10, United States Code, shall be covered into the Treasury as miscellaneous receipts. Approved December 12, 1979.
LEGISLATIVE HISTORY: HOUSE REPORTS: No. 96-91 (Comm. on Armed Services) and No. 95-596 (Comm. of Conference). SENATE REPORTS: No. 96-325 (Comm. on Armed Services) and No. 96-410 (Comm. of Conference). CONGRESSIONAL RECORD, Vol. 125 (1979): Apr. 25, considered and passed House. Sept. 27, considered and passed Senate, amended. Nov. 9, Senate agreed to conference report. Nov. 28, House agreed to conference report.
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