Southwestern Power Administration Fund Establishment Act

To establish the Southwestern Power Administration Fund, and for other purposes. 1. Short title This Act may be cited as the Southwestern Power Administration Fund Establishment Act 2. Definitions In this Act: (1) Administrator The term Administrator (2) Fund The term Fund (3) Secretary The term Secretary 3. Southwestern Power Administration Fund (a) Establishment of Fund There is established in the Treasury of the United States a fund, to be known as the Southwestern Power Administration Fund (1) all receipts, collections, and recoveries of the Southwestern Power Administration, including trust funds; (2) appropriations to the Fund; (3) amounts transferred to the Fund under subsection (b); and (4) amounts deposited in the Fund under the first proviso in the matter under the heading Operation and Maintenance, Southwestern Power Administration Power Marketing Administrations Department of Energy 16 U.S.C. 825s–4 (b) Transfers to Fund There are transferred to the Fund— (1) unexpended balances in the continuing fund pursuant to the 11th paragraph under the heading OFFICE OF THE SECRETARY 16 U.S.C. 825s–1 (2) unexpended balances in the advanced payment fund pursuant to the first proviso in the matter under the heading Operation and Maintenance, Southwestern Power Administration Power Marketing Administrations Department of Energy 16 U.S.C. 825s–4 (3) unexpended balances in the offsetting collections fund pursuant to the fourth and fifth provisos in the matter under the heading Operation and Maintenance, Southwestern Power Administration Power Marketing Administrations Department of Energy 16 U.S.C. 825s–7 (c) Availability Amounts in the Fund shall remain available until expended. (d) Use Amounts in the Fund shall be used by the Secretary, acting through the Administrator, for expenses necessary for— (1) operation and maintenance of power transmission facilities; (2) marketing electric power and energy; (3) construction and acquisition of transmission lines, substations, and appurtenant facilities; and (4) administrative expenses in carrying out the duties of the Secretary under— (A) section 5 of the Act of December 22, 1944 (commonly known as the Flood Control Act of 1944 16 U.S.C. 825s (B) section 1232 of the Energy Policy Act of 2005 ( 42 U.S.C. 16431 (e) Obligations The Secretary, acting through the Administrator, may incur obligations for authorized purposes in advance of appropriations to be liquidated by the Fund. (f) Excess funds Annually, the Secretary, acting through the Administrator, shall transfer excess amounts in the Fund to the Treasury of the United States as miscellaneous receipts. (g) Applicable law The provisions of chapter 91 (h) Conforming amendments (1) The proviso in the matter under the heading Operation and Maintenance, Southwestern Power Administration Power Marketing Administrations Department of Energy 16 U.S.C. 825s–4 (A) by striking in fiscal year 2005 on the date of enactment of the Southwestern Power Administration Fund Establishment Act (B) by striking credited to this account deposited in the Southwestern Power Administration Fund established by section 3(a) of the Southwestern Power Administration Fund Establishment Act (2) The fourth and fifth provisos in the matter under the heading Operation and Maintenance, Southwestern Power Administration Power Marketing Administrations Department of Energy 16 U.S.C. 825s–7

Summary: Southwestern Power Administration Fund Establishment Act This bill establishes a fund that the Southwestern Power Administration may use for the operation and maintenance of power transmission facilities and other related expenses. The bill also transfers amounts into the fund from specified accounts.