H.R. 2432

119th CONGRESS 1st Session

To establish the Southwestern Power Administration Fund, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · March 27, 2025 · Sponsor: Mr. Graves

Table of contents

• H.R. 2432
  • SEC. 1. Short title
  • SEC. 2. Definitions
  • SEC. 3. Southwestern Power Administration Fund

SEC. 1. Short title

• This Act may be cited as the Southwestern Power Administration Fund Establishment Act.

SEC. 2. Definitions

• In this Act:
  • The term means the Administrator of the Southwestern Power Administration.
  • The term means the Southwestern Power Administration Fund established by section 3(a).
  • The term means the Secretary of Energy.

SEC. 3. Southwestern Power Administration Fund

• (a) Establishment of Fund
  • There is established in the Treasury of the United States a fund, to be known as the , consisting of— Southwestern Power Administration Fund
    • all receipts, collections, and recoveries of the Southwestern Power Administration, including trust funds;
    • appropriations to the Fund;
    • amounts transferred to the Fund under subsection (b); and
    • amounts deposited in the Fund under the first proviso in the matter under the heading under the heading under the heading in title III of the Energy and Water Development Appropriations Act, 2005 (). 16 U.S.C. 825s–4
• (b) Transfers to Fund
  • There are transferred to the Fund—
    • unexpended balances in the continuing fund pursuant to the 11th paragraph under the heading in title I of the Act of October 12, 1949 (); OFFICE OF THE SECRETARY 16 U.S.C. 825s–1
    • unexpended balances in the advanced payment fund pursuant to the first proviso in the matter under the heading under the heading under the heading in title III of the Energy and Water Development Appropriations Act, 2005 (); and Department of Energy 16 U.S.C. 825s–4
    • unexpended balances in the offsetting collections fund pursuant to the fourth and fifth provisos in the matter under the heading under the heading under the heading in title III of the Energy and Water Development and Related Agencies Appropriations Act, 2010 () (as in effect on the day before the date of enactment of this Act). 16 U.S.C. 825s–7
• (c) Availability
  • Amounts in the Fund shall remain available until expended.
• (d) Use
  • Amounts in the Fund shall be used by the Secretary, acting through the Administrator, for expenses necessary for—
    • operation and maintenance of power transmission facilities;
    • marketing electric power and energy;
    • construction and acquisition of transmission lines, substations, and appurtenant facilities; and
    • administrative expenses in carrying out the duties of the Secretary under—
      • section 5 of the Act of December 22, 1944 (commonly known as the ) (); and Flood Control Act of 1944 16 U.S.C. 825s
      • section 1232 of the Energy Policy Act of 2005 (). 42 U.S.C. 16431
• (e) Obligations
  • The Secretary, acting through the Administrator, may incur obligations for authorized purposes in advance of appropriations to be liquidated by the Fund.
• (f) Excess funds
  • Annually, the Secretary, acting through the Administrator, shall transfer excess amounts in the Fund to the Treasury of the United States as miscellaneous receipts.
• (g) Applicable law
  • The provisions of of title 31, United States Code, shall apply to the Administrator in carrying out this section in the same manner as the provisions apply to a wholly owned Government corporation (as defined in section 9101 of that title). chapter 91
• (h) Conforming amendments
  • The proviso in the matter under the heading under the heading under the heading in title III of the Energy and Water Development Appropriations Act, 2005 (), is amended— Department of Energy 16 U.S.C. 825s–4
    • by striking and inserting ; and
    • by striking and inserting .
  • The fourth and fifth provisos in the matter under the heading under the heading under the heading in title III of the Energy and Water Development and Related Agencies Appropriations Act, 2010 (), are repealed. Department of Energy 16 U.S.C. 825s–7