16 U.S.C. § 825s-1 : US Code - Section 825S-1: Southwestern area sale and transmission of electric power; disposition of receipts; creation of continuing fund; use of fund

Search 16 U.S.C. § 825s-1 : US Code - Section 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.