16 U.S.C. § 825s–7 — Southwestern Power Administration; deposit and availability of discretionary offsetting collections

submitted 17 years ago by Pub. L. 111-85 to r/title-16-CONSERVATION · 96 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Southwestern Power Administration must treat collections that repay this account's annual expenses in the same way: as discretionary offsetting collections available only for those expenses until spent. Purchased-power and wheeling expenses are excluded from “annual expenses.”

Despite sections 3302 and 825s of title 31, all money collected by the Southwestern Power Administration that applies to repaying this account's annual expenses in the current or later fiscal years must be credited to the account as discretionary offsetting collections. It remains available until spent and may be used only for those expenses. “Annual expenses” means expenses generally recovered in the year incurred, excluding purchased-power and wheeling expenses. This section does not define that term.

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

Notwithstanding section 3302 of title 31 and section 825s of this title, all funds collected by the Southwestern Power Administration that are applicable to the repayment of the annual expenses of this account in this and subsequent fiscal years shall be credited to this account as discretionary offsetting collections for the sole purpose of funding such expenses, with such funds remaining available until expended: Provided further, That for purposes of this appropriation, annual expenses means expenditures that are generally recovered in the same year that they are incurred (excluding purchase power and wheeling expenses).

Source credit: (Pub. L. 111–85, title III, Oct. 28, 2009, 123 Stat. 2869.)

history & why it existsrecord from the source credit

2009Enacted · Pub. L. 111-85 · 123 Stat. 2869

A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-85 on 2009-10-28.

all 0 arguments · sorted by: best

no arguments yet — make the first case