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16 U.S.C. § 825s–2 — Southeastern area sale and transmission of electric power; disposition of receipts; creation of continuing funds; use of fund

submitted 75 years ago by ch. 375 to r/title-16-CONSERVATION · 100 words · no verdicts yet

in plain englishAI-generated · not legal advice

Receipts from southeastern-area power transmission and sales go to the Treasury, except that $50,000 is kept as a continuing fund for emergency expenses needed to keep electric service and Government facilities operating.

Receipts from section 825s power generated or bought in the southeastern power area go to the Treasury as miscellaneous receipts, except that the Treasury must maintain a $50,000 continuing fund. The fund is credited to the Secretary and may be checked against for emergency expenses needed to keep electric service and Government facilities in that area operating.
the actual law source: uscode.house.gov ↗public domain

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 southeastern 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 $50,000, and said fund 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 Government facilities in said area.

Source credit: (Aug. 31, 1951, ch. 375, title I, § 101, 65 Stat. 249.)

history & why it existsrecord from the source credit
  • 1951Enacted · Act of Aug. 31, 1951, ch. 375 · 65 Stat. 249

A history note hasn’t been published yet. The record shows enactment by ch. 375 on 1951-08-31.

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