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16 U.S.C. § 833iDeposit of receipts; establishment of continuing fund; authorization of appropriations

submitted 88 years ago by ch. 250 to r/title-16-CONSERVATION · 143 words · no verdicts yet

in plain englishAI-generated · not legal advice

Fort Peck power receipts go to Treasury, except that Treasury must maintain a $500,000 continuing fund for operating and emergency expenses. Congress may provide additional appropriations.

All receipts from transmitting and selling Fort Peck electricity must go to the Treasury as miscellaneous receipts. The Treasury must keep $500,000 from those receipts in a continuing fund for the Bureau. The Bureau may use it for operating generation and transmission, emergency expenses, and continuous operation. Congress may appropriate additional Treasury money for this chapter, including generation equipment and transmission and sales facilities.
the actual law source: uscode.house.gov ↗public domain

All receipts from transmission and sale of electric energy generated at the Fort Peck 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 Bureau and subject to expenditure by it, to defray the operating expense of generation and transmission of power delivered to the Bureau for disposal under this chapter, 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: (May 18, 1938, ch. 250, § 10, 52 Stat. 406.)

history & why it existsrecord from the source credit
  • 1938Enacted · Act of May 18, 1938, ch. 250 · 52 Stat. 406

A history note hasn’t been published yet. The record shows enactment by ch. 250 on 1938-05-18.

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