2019 US Code
Title 50 - War and National Defense
Chapter 10 - Helium Gas
Sec. 167i - Exclusion from Natural Gas Act provisions
| 50 U.S.C. § 167i (2019) |
| §167i. Exclusion from Natural Gas Act provisions |
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The provisions of the Natural Gas Act of June 21, 1938, as amended [15 U.S.C. 717 et seq.], shall not be applicable to the sale, extraction, processing, transportation, or storage of helium either prior to or subsequent to the separation of such helium from the natural gas with which it is commingled, whether or not the provisions of such Act apply to such natural gas, and in determining the rates of a natural gas company under sections 4 and 5 of the Natural Gas Act, as amended [15 U.S.C. 717c, 717d], whenever helium is extracted from helium-bearing natural gas, there shall be excluded (1) all income received from the sale of helium; (2) all direct costs incurred in the extraction, processing, compression, transportation or storage of helium; and (3) that portion of joint costs of exploration, production, gathering, extraction, processing, compression, transportation or storage divided and allocated to helium on a volumetric basis. |
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(Mar. 3, 1925, ch. 426, §11, as added Pub. L. 86–777, §2, Sept. 13, 1960, 74 Stat. 922.) |
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REFERENCES IN TEXT
The Natural Gas Act of June 21, 1938, as amended, referred to in text, means act June 21, 1938, ch. 556, 52 Stat. 821, as amended, known as the Natural Gas Act, which is classified generally to chapter 15B (§717 et seq.) of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see section 717w of Title 15 and Tables. |
| United States Code, 2018 Edition, Supplement 1, Title 50 - WAR AND NATIONAL DEFENSE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 50 - WAR AND NATIONAL DEFENSE CHAPTER 10 - HELIUM GAS Sec. 167i - Exclusion from Natural Gas Act provisions |
| section 167i |
| 2019 |
| January 24, 2020 |
| No |
| standard |
| 52 Stat. 821 74 Stat. 922 |
| Public Law 86-777 |
