
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 16USC825s-1]

 
                         TITLE 16--CONSERVATION
 
         CHAPTER 12--FEDERAL REGULATION AND DEVELOPMENT OF POWER
 
     SUBCHAPTER III--LICENSEES AND PUBLIC UTILITIES; PROCEDURAL AND 
                        ADMINISTRATIVE PROVISIONS
 
Sec. 825s-1. Southwestern area sale and transmission of electric 
        power; disposition of receipts; creation of continuing fund; use 
        of fund
        
    All receipts from the transmission and sale of electric power and 
energy under the provisions of section 825s of this title, generated or 
purchased in the southwestern power area, shall be covered into the 
Treasury of the United States as miscellaneous receipts, except that the 
Treasury shall set up and maintain from such receipts a continuing fund 
of $300,000, including the sum of $100,000 in the continuing fund 
established under the Administrator of the Southwestern Power 
Administration in the First Supplemental National Defense Appropriation 
Act, 1944 (57 Stat. 621), which shall be transferred to the fund 
established; and said fund of $300,000 shall be placed to the credit of 
the Secretary and shall be subject to check by him to defray emergency 
expenses necessary to insure continuity of electric service and 
continuous operation of the facilities, and to cover all costs in 
connection with the purchase of electric power and energy and rentals 
for the use of facilities for the transmission and distribution of 
electric power and energy to public bodies, cooperatives, and privately 
owned companies: Provided, That expenditures from this fund to cover 
such costs in connection with the purchase of electric power and energy 
and rentals for the use of facilities are to be made only in such 
amounts as may be approved annually in appropriation Acts.

(Oct. 12, 1949, ch. 680, title I, Sec. 101, 63 Stat. 767; Aug. 31, 1951, 
ch. 375, title I, Sec. 101, 65 Stat. 249.)

                       References in Text

    The First Supplemental National Defense Appropriation Act, 1944, 
referred to in text, was act Dec. 23, 1943, ch. 380, title I, Sec. 101, 
57 Stat. 621, which was not classified to the Code.

                          Codification

    Section was not enacted as part of the Federal Power Act which 
generally comprises this chapter.
    Section as originally enacted contained a provision relating to 
maximum expenditures for the fiscal year 1952.


                               Amendments

    1951--Act Aug. 31, 1951, inserted proviso.


  Use of Fund To Pay for Purchase Power and Wheeling Expenses To Meet 
   Contractual Obligations During Periods of Below-Average Hydropower 
                               Generation

    Pub. L. 101-101, title III, Sept. 29, 1989, 103 Stat. 660, provided: 
``That the continuing fund established by the Act of October 12, 1949, 
c. 680, title I, section 101, as amended [16 U.S.C. 825s-1], shall also 
be available on an ongoing basis for paying for purchase power and 
wheeling expenses when the Administrator determines that such 
expenditures are necessary to meet contractual obligations for the sale 
and delivery of power during periods of below-average hydropower 
generation. Payments from the continuing fund shall be limited to the 
amount required to replace the generation deficiency, and only for the 
project where the deficiency occurred. Replenishment of the fund shall 
occur within twelve months of the month in which the funds were first 
expended.''
