97-22424. Delegation of Authority Relating to Approval of Contract for Sale of Naval Petroleum Reserve Numbered 1

[Federal Register Volume 62, Number 164 (Monday, August 25, 1997)]
[Notices]
[Page 45011]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-22424]


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DEPARTMENT OF THE TREASURY

[Treasury Order Number 103-03]


Delegation of Authority Relating to Approval of Contract for Sale 
of Naval Petroleum Reserve Numbered 1

    1. By virtue of the authority vested in the Secretary of the 
Treasury, including the authority in 31 U.S.C. Sec. 321(b), I hereby 
delegate to the Under Secretary for Domestic Finance the authority of 
the Secretary of the Treasury under section 3412(e)(4) of the National 
Defense Authorization Act for Fiscal Year 1996 (Pub. L. 104-106, 110 
Stat. 186, 633) (the Act), to:
    a. Review and approve, or disapprove, the draft contract or 
contracts for the sale of Naval Petroleum Reserve Numbered 1 (NPR-1), 
including the terms and provisions of the sale of the interest of the 
United States in NPR-1;
    b. Review and approve, or disapprove, any material changes to such 
draft contract or contracts; and
    c. Exercise any right or power, make any finding or determination, 
or perform any duty or obligation which the Secretary of the Treasury 
is authorized to exercise, make or perform under the Act related to 
approving or disapproving such draft contract or contracts.
    2. This authority may be redelegated in writing to an appropriate 
subordinate official.
    3. This Order shall terminate without any further action on 
September 30, 1998.
    Termination of this Order shall have no effect upon actions taken 
within the scope of this Order before its termination.

    Dated: August 15, 1997.
Robert E. Rubin,
Secretary of the Treasury.
[FR Doc. 97-22424 Filed 8-22-97; 8:45 am]
BILLING CODE 4810-25-P