; 131 Stat. 1892); and (2) the lifecycle cost estimate used to make such certification. (c) If the Secretary waives the requirements under subsection (a), the Secretary may not use funds provided for the Project described in such subsection to eliminate such Project until the date that is 30 days after the submission of the lifecycle cost estimate required under subsection (b)(2). 309. Notwithstanding section 161 of the Energy Policy and Conservation Act ( 42 U.S.C. 6241 ), upon a determination by the President in this fiscal year that a regional supply shortage of refined petroleum product of significant scope and duration exists, that a severe increase in the price of refined petroleum product will likely result from such shortage, and that a draw down and sale of refined petroleum product would assist directly and significantly in reducing the adverse impact of such shortage, the Secretary of Energy may draw down and sell refined petroleum product from the Strategic Petroleum Reserve. Proceeds from a sale under this section shall be deposited into the SPR Petroleum Account established in section 167 of the Energy Policy and Conservation Act ( 42 U.S.C. 6247 ), and such amounts shall be available for obligation, without fiscal year limitation, consistent with that section. 310. (a) Report The Secretary of Energy shall submit to Congress and the State of Nevada a report on the potential of locating a reprocessing or recycling facility for spent nuclear fuel near the Yucca Mountain site. (b) Contents The Secretary shall include in the report required under subsection (a) a description of— (1) the energy technology benefits associated with a reprocessing or recycling facility for spent nuclear fuel; (2) the potential economic benefits for the host community associated with such a facility, including employment, infrastructure development, and workforce development benefits; (3) the energy and national security implications for the supply and availability of nuclear fuel associated with such a facility