16 U.S.C. § 832j — Deposit of receipts; authorization of appropriations

submitted 89 years ago by ch. 720 to r/title-16-CONSERVATION · 122 words · no verdicts yet

in plain englishAI-generated · not legal advice

Bonneville transmission and sales receipts generally go to the Treasury as miscellaneous receipts. The Treasury must maintain a $500,000 continuing fund for the Administrator’s checks to pay emergency expenses and ensure continuous operation, and Congress may appropriate additional necessary amounts.

All money received from transmitting and selling electricity generated at Bonneville must be deposited in the United States Treasury as miscellaneous receipts. The exception is that the Treasury must create and maintain, from those receipts, a continuing fund of $500,000 credited to the Administrator and subject to the Administrator’s check. The fund is for emergency expenses and to ensure continuous operation. Congress may appropriate, from Treasury money not otherwise appropriated, whatever sums are needed to carry out this chapter. This includes money for installing machinery and equipment to generate electricity and facilities to transmit and sell it.

the actual law source: uscode.house.gov ↗public domain

All receipts from transmission and sale of electric energy generated at the Bonneville project shall be covered into the Treasury of the United States to the credit of miscellaneous receipts, save and except that the Treasury shall set up and maintain from such receipts a continuing fund of $500,000, to the credit of the administrator and subject to check by him, to defray emergency expenses and to insure continuous operation. There is authorized to be appropriated from time to time, out of moneys in the Treasury not otherwise appropriated, such sums as may be necessary to carry out the provisions of this chapter, including installation of equipment and machinery for the generation of electric energy and facilities for its transmission and sale.

Source credit: (Aug. 20, 1937, ch. 720, § 11, 50 Stat. 736.)

history & why it existsrecord from the source credit

1937Enacted · Act of Aug. 20, 1937, ch. 720 · 50 Stat. 736

A history note hasn’t been published yet. The record shows enactment by ch. 720 on 1937-08-20.

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