[Congressional Bills 103th Congress] [From the U.S. Government Publishing Office] [H.R. 1857 Introduced in House (IH)] 103d CONGRESS 1st Session H. R. 1857 To repeal the Helium Act, to require the Secretary of the Interior to sell Federal real and personal property held in connection with activities carried out under the Helium Act, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 26, 1993 Mr. Inglis of South Carolina introduced the following bill; which was referred to the Committee on Natural Resources _______________________________________________________________________ A BILL To repeal the Helium Act, to require the Secretary of the Interior to sell Federal real and personal property held in connection with activities carried out under the Helium Act, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. REPEAL. The Helium Act (50 U.S.C. 161 et seq.) is repealed. SEC. 2. SALE OF PROPERTY. The Secretary of the Interior shall sell or otherwise dispose of, at the best possible terms available to the United States, all facilities, equipment, and other real or personal property, or rights thereto, held by the United States in connection with activities carried out under the Helium Act, unless such facilities, equipment, or other real or personal property, or rights thereto, are required for other Federal purposes. SEC. 3. SALE OF HELIUM RESERVE. The Secretary of the Interior shall sell or otherwise dispose of, at the best possible terms available to the United States, all helium reserves held by the United States other than amounts required for the specific immediate needs of the Federal Government. Such sale shall be conducted in a manner consistent with the orderly conduct of commercial helium markets. SEC. 4. REDUCTION OF FEDERAL DEBT. All funds received pursuant to sections 3 and 4, and all amounts remaining in the helium production fund established under section 6(f) of the Helium Act, shall be considered full repayment of loans made under section 12 of the Helium Act. Such funds shall be applied, subject to appropriations, solely to the retirement of outstanding United States Government debt, and may not be obligated or expended for any other purpose, notwithstanding any other provision of law that does not specifically reference this section. <all>