What does Preamble of Southwestern Power Administration Fund Establishment Act do?

This bill is formally titled 'To establish the Southwestern Power Administration Fund, and for other purposes.' The bill aims to establish the Southwestern Power Administration Fund.

What does SHORT TITLE. of Southwestern Power Administration Fund Establishment Act do?

This bill is formally titled the Southwestern Power Administration Fund Establishment Act.

What does DEFINITIONS. of Southwestern Power Administration Fund Establishment Act do?

This section defines terms used within the Act. The term 'Administrator' refers to the Administrator of the Southwestern Power Administration. The term 'Fund' refers to the Southwestern Power Administration Fund established by section 3(a). The term 'Secretary' refers to the Secretary of Energy.

What does SOUTHWESTERN POWER ADMINISTRATION FUND. of Southwestern Power Administration Fund Establishment Act do?

This section establishes the Southwestern Power Administration Fund within the U.S. Treasury. The fund will consist of Southwestern Power Administration receipts, appropriations, transferred balances, and amounts from specific appropriations acts. Unexpended balances from various funds are authorized to be transferred into the Southwestern Power Administration Fund. Amounts in the fund are available until expended and will be used for operation and maintenance of power transmission facilities, marketing electric power, construction and acquisition of facilities, and administrative expenses. The Secretary, acting through the Administrator, can incur obligations in advance of appropriations. Excess funds in the fund will be transferred to the Treasury as miscellaneous receipts annually. Provisions of chapter 91 of title 31, United States Code, apply to the Administrator in carrying out this section. Conforming amendments are made to appropriations acts to reflect the establishment of the Southwestern Power Administration Fund.

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Southwestern Power Administration Fund Establishment Act

Last updated: 3/27/2025 · Introduced: 3/27/2025

Author: Sam Graves (R-MO)

TL;DR (AI)

This bill establishes the Southwestern Power Administration Fund within the U.S. Treasury to consolidate receipts and appropriations for the Southwestern Power Administration.
The fund will be used to finance the operation, maintenance, construction, and administrative expenses related to power transmission facilities and electric power marketing.
Excess funds in the Southwestern Power Administration Fund will be transferred to the Treasury as miscellaneous receipts annually.

119th Congressin committeeS. 1034(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

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