42 U.S. Code § 6249 - Contracting for petroleum product and facilities
The Secretary may store petroleum product pursuant to a contract entered into under subsection (a)(1) with or without charge or may pay a fee for its storage.
Contracts entered into under subsection (a) may be of such duration as the Secretary considers necessary or appropriate.
The Secretary may agree to binding arbitration of disputes under any contract entered into under subsection (a).
The Secretary may utilize such funds as are available in the SPR Petroleum Account to carry out the activities described in subsection (a), and may obligate and expend such funds to carry out such activities, in advance of the receipt of petroleum products.
2000—Subsec. (b)(2)(B). Pub. L. 106–469, § 103(20)(A), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the Secretary notifies each House of the Congress of such determination and includes in such notification the same information required under section 6234(e) of this title with regard to storage and related facilities proposed to be included, or petroleum product proposed to be stored, in the Reserve.”
Subsec. (b)(3). Pub. L. 106–469, § 103(20)(B), substituted “sale of petroleum products from” for “distribution of”.
1992—Subsec. (f). Pub. L. 102–486 added subsec. (f).
LII has no control over and does not endorse any external Internet site that contains links to or references LII.