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[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 310 Introduced in House (IH)]

104th CONGRESS
  1st Session
                                H. R. 310

    To provide for the privatization of the Federal Power Marketing 
                Administrations, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 4, 1995

   Mr. Klug introduced the following bill; which was referred to the 
                         Committee on Resources

_______________________________________________________________________

                                 A BILL

 
    To provide for the privatization of the Federal Power Marketing 
                Administrations, 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. SHORT TITLE.

    This Act may be cited as the ``Federal Power Administration 
Privatization Act of 1995''.

SEC. 2. SALE OF ASSETS.

    (a) Sale of Assets.--The Secretary of Energy is authorized and 
directed to take such steps as may be necessary to sell the physical 
assets, and terminate the operations, of the Federal Power Marketing 
Administrations. The heads of other affected Federal departments and 
agencies, including the Secretary of the Interior, shall assist the 
Secretary of Energy in implementing the sales authorized by this 
section.
    (b) Proceeds.--The Secretary of Energy shall deposit sale proceeds 
in the Treasury of the United States to the credit of miscellaneous 
receipts.
    (c) Preparation.--There are authorized to be appropriated such sums 
as are necessary to prepare assets of the Federal Power Marketing 
Administrations for sale and conveyance. Such preparation shall provide 
sufficient title to ensure the beneficial use, enjoyment, and occupancy 
to the purchasers assets to be sold.
    (d) Termination and Report.--Not later than 1 year after both the 
sales authorized in this section have been completed respect to the 
assets of any Federal Power Marketing Administration, the Secretary of 
Energy shall--
            (1) complete the business of, and close out, such 
        administration;
            (2) prepare and submit to Congress a report documenting the 
        sales; and
            (3) return unused balances of funds appropriated for the 
        administration to the Treasury of the United States.
    (e) Treatment of Sales for Purposes of Certain Laws.--The sales of 
assets under this Act are not considered a disposal of Federal surplus 
property under the following provisions of law:
            (1) Section 203 of the Federal Property and Administrative 
        Services Act of 1949 (40 U.S.C. 484).
            (2) Section 13 of the Surplus Property Act of 1944 (50 
        U.S.C. App. 1622).

SEC. 3. EXEMPTION.

    After any sale of a hydroelectric project pursuant to section 2, 
the project, including future modifications, shall continue to be 
exempt from the requirements of the Federal Power Act (15 U.S.C. 79a et 
seq.) including its requirements with respect to applications, permits, 
licenses, and fees, unless a future modification affects Federal lands 
not used for the project when this Act takes effect.

SEC. 4. CONFORMING AMENDMENTS.

    (a) Eklutna.--The Act of July 31, 1950 (64 Stat. 382) is repealed 
effective on the date, as determined by the Secretary of Energy, when 
all Eklutna assets of the Alaska Power Administration have been 
conveyed to the Eklutna Purchasers.
    (b) Snettisham.--Section 204 of the Flood Control Act of 1962 
(Public Law 87-874; 76 Stat. 1193) is repealed effective on the date, 
as determined by the Secretary of Energy, when all Snettisham assets of 
the Alaska Power Administration have been conveyed to the Authority.
    (c) DOE Organization Act.--Upon the sale of all assets of all 
Federal Power Marketing Administrations, section 302(a) of the 
Department of Energy Organization Act (42 U.S.C. 7152(a)) is amended as 
follows:
            (1) In paragraph (1) by striking out subparagraphs (A) 
        through (C).
            (2) By striking out paragraph (2).
    (d) Alaska Water Resources.--The Act of August 9, 1955 (69 Stat. 
618), concerning water resources investigations in Alaska, is repealed.
                                 <all>
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