Public Law 84–336

That the Rubber Producing Facilities Disposal Act of 1953, as heretofore amended, is amended by adding at the end thereof the following new section:

“Sec. 26.

(a)(a)

Notwithstanding the second sentence of section 7 (a),

Plancor 980. institute, W. Va.

50 USC app. 1941e.

the period for receipt of proposals for the purchase of the Government-owned rubber-producing facility at Institute, West Virginia, known as Plancor Numbered 980, shall not expire until the end of the sixty-day period which begins on the date of the enactment of this section.

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“(b)“(b)

If one or more proposals are received for the purchase of

Negotiation period.

Plancor Numbered 980 within the time period specified in subsection (a), the Commission, notwithstanding the expiration of the period for negotiation specified in section 7 (f), shall negotiate with those submitting the proposals for a period of not to exceed seventy-five days for the purpose of entering into a definite contract of sale.

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“(c)“(c)

Within ten days after the termination of the actual negotiation

Report to Congress.

period referred to in subsection (b), or, if Congress is not then in session, within ten days after Congress next convenes, the Commission shall prepare and submit to the Congress a report containing, with respect to the disposal under this section of Plancor Numbered 980, the information described in paragraphs (1) to (5), inclusive,

50 USC app. 1941g.

Transfer period.

and paragraph (8) of section 9 (a). Unless the contract is disapproved by either House of the Congress by a resolution prior to the expiration of thirty days of continuous session (as defined in section 9 (c)) of the Congress following the date upon which the report is submitted to it, upon the expiration of such thirty-day period the contract shall become fully effective and the Commission shall proceed to carry it out, and transfer of possession of the facility sold shall be made as soon as practicable but in any event within thirty days after the expiration of such thirty-day period. The failure to complete transfer of possession within thirty days after the expiration of the period for congressional review shall not give rise to or be the basis of rescission of the contract of sale.

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“(d)“(d)

If, upon termination of the transfer period provided for in

Standby condition.

subsection (c), no contract for the sale of Plancor Numbered 980 has become effective, the operating agency lust designated by the President shall continue to maintain said Plancor in adequate standby condition under the provisions of section 8 of the Rubber Producing

50 USC app. 1941f.

Facilities Disposal Act of 1953.”

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Sec. 2.

Notwithstanding the provisions of section 3 (d) of the

Transmittal of report to Attorney General.

50 USC app. 1941a.

Rubber Producing Facilities Disposal Act of 1953, the Rubber Producing Facilities Disposal Commission (hereinafter referred to as the “Commission”) before submission to the Congress of its report relative to Plancor Numbered 980, shall submit it to the Attorney General, who shall, within seven days after receiving the report, advise the Commission whether, in his opinion, the proposed disposition, if carried out, will violate the antitrust laws.

Sec. 3.

Notwithstanding the provisions of sections 14 and 22 of

50 USC app. 1941l, 1941t.

62 Stat. 101.

50 USC app. 1921 note.

the Rubber Producing Facilities Disposal Act of 1953, the Rubber Act of 1948, as amended, is hereby extended with respect to the rubber-producing facilities covered by this Act, to the close of the day of transfer of possession of Plancor Numbered 980 to a purchaser in accordance with the provisions of section 26 of the Rubber Producing Facilities Disposal Act.

Sec. 4.

Notwithstanding the provisions of section 4 of Public Law

Termination of Commission.

Ante, p. 16.

50 USC app. 1941r.

19, approved March 31, 1955, and notwithstanding the provisions of section 20 of the Rubber Producing Facilities Disposal Act of 1953, the Commission established by the latter Act shall cease to exist at the close of the thirtieth day following the termination of the transfer period provided foe in section 26 (c) of that Act, unless no sale of Plancor Numbered 980 is recommended by the Commission pursuant to section 26 (c) of that Act, in which event the Commission shall cease to exist at the close of the one hundred and thirtieth day following the date of the enactment of this Act.

Sec. 5.

Except as otherwise provided in this Act, disposal of Plancor

Disposal criteria.

50 USC app. 1941 note.

Numbered 980 shall be fully subject to all the provisions of the Rubber Producing Facilities Disposal Act of 1953 and such criteria as have been established by the Commission in handling disposal of other Government-owned rubber producing facilities under that Act: Provided, That the provisions of sections 7 (j), 7 (k), 9 (d), 9 (f), 10,11,

End products and feedstocks.

15, and 24 of that Act shall not apply to the disposal of Plancor Numbered 980. As promptly as practicable following the date of transfer of possession of Plancor Numbered 980 to a purchaser under this Act, the operating agency last designated by the President shall offer for sale to such purchaser the end products at such plant and held in inventory for Government account on the day of such transfer of possession, together with the feedstocks then located at such plant or purchased by the operating agency for use at such plant. Sale of such end products shall be made at the Government sales price prevailing on the business day next preceding the date of transfer of possession of such plant. Sale of such feedstocks shall be made at not less than their cost to the Government. In the event the purchaser declines to purchase such end products or feedstocks when first offered to it by the operating agency, they may be thereafter disposed of in such manner as the operating agency deems advisable. In the event Plancor Numbered 980 is not sold under the provisions of this Act, any end products at such plant and held in inventory for Government account and any feedstocks located at such plant or purchased by the operating agency for use at such plant shall be disposed of in such manner as the operating agency deems advisable, at the prevailing market price for such end products and feedstocks.

Sec. 6.

The provisions of this Act shall not be applicable to the disposal

Limitation.

of any Government-owned rubber-producing facilities other than Plancor Numbered 980; and all action taken pursuant to the

50 USC app. 1941 note; ante, p. 15.

provisions of the Rubber Producing Facilities Disposal Act of 1953, or the amendment thereto known as Public Law 19, enacted March 31, 1955, prior to the enactment of this Act shall be governed by the provisions of that Act as it existed prior to the enactment of this Act and shall have the same force and effect as if this Act had not been enacted.