S. 1034

119 S1034 IS: Southwestern Power Administration Fund Establishment Act
 U.S. Senate
 2025-03-13
 text/xml
 EN
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 II  119th CONGRESS  1st Session  S. 1034  IN THE SENATE OF THE UNITED STATES   March 13, 2025   Mr. Moran  (for himself,  Mr. Hawley , and  Mr. Marshall ) introduced the following bill; which was read twice and referred to the  Committee on Energy and Natural Resources    A BILL
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  means the Administrator of the Southwestern Power Administration.
(2)
Fund
The term  Fund  means the Southwestern Power Administration Fund established by section 3(a).
(3)
Secretary
The term  Secretary  means the Secretary of Energy.
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 , consisting of—
(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   under the heading
Power Marketing Administrations   under the heading
Department of Energy   in title III of the Energy and Water Development Appropriations Act, 2005 ( 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   in title I of the Act of October 12, 1949 ( 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   under the heading
Power Marketing Administrations   under the heading  Department of Energy  in title III of the Energy and Water Development Appropriations Act, 2005 ( 16 U.S.C. 825s–4 ); and
(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   under the heading
Power Marketing Administrations   under the heading
Department of Energy   in title III of the Energy and Water Development and Related Agencies Appropriations Act, 2010 ( 16 U.S.C. 825s–7 ) (as in effect on the day before the date of enactment of this Act).
(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 ); and
(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  of title 31, United States Code, shall apply to the Administrator in carrying out this section in the same manner as the provisions apply to a wholly owned Government corporation (as defined in section 9101 of that title).
(h)
Conforming amendments
(1)
The proviso in the matter under the heading
Operation and Maintenance, Southwestern Power Administration   under the heading
Power Marketing Administrations   under the heading  Department of Energy  in title III of the Energy and Water Development Appropriations Act, 2005 ( 16 U.S.C. 825s–4 ), is amended—
(A)
by striking  in fiscal year 2005  and inserting  on the date of enactment of the  Southwestern Power Administration Fund Establishment Act  ; and
(B)
by striking  credited to this account  and inserting  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   under the heading
Power Marketing Administrations   under the heading  Department of Energy  in title III of the Energy and Water Development and Related Agencies Appropriations Act, 2010 ( 16 U.S.C. 825s–7 ), are repealed.